19-Sep-2023
Romania-Insider
The final amount requested by Gabriel through interest recalculation has doubled, reaching USD 6.5 billion.
18-Jun-2023
Financial Times
The EU has agreed a trade deal with Kenya, marking an important step in Brussels’ efforts to boost economic relations with Africa.
26-Oct-2022
Balkan Green Energy News
A tribunal operating under the World Bank has ruled in favor of ten companies that initiated arbitration with the argument that Romania violated the Energy Charter Treaty by lowering incentives for their solar power plants.
6-Jan-2022
Romania-Insider
A committee attached to the Washington International Court (ICSID) definitively rejected the €1.8 bln claims of Romanian-Swedish investors Ioan and Viorel Micula.
28-Jul-2021
Balkan Insight
The derailment of the plans led Canadian mining company Gabriel Resources to sue the Romanian government for $5.7 billion before the Washington-based ICSID.
27-May-2020
Romania-Insider
Cyprus-based offshore EP Wind Project (Rom) Six Ltd claims that Romania has breached the Energy Charter Treaty.
16-Mar-2020
Gabriel Resources
Gabriel has provided notice to Romania of a dispute with regard to Romania’s application to UNESCO in relation to Roşia Montană and has reserved its right to commence a further arbitration.
11-Mar-2020
The Drinks Business
Romania has won the second lawsuit filed against it by brothers Ioan and Viorel Micula, who accused Romania of allowing the development of a black market for the sale of alcohol.
17-Dec-2019
Inequality.org
Romanian and US environmental justice activists demonstrated in Washington, DC, outside a World Bank tribunal hearing on a case brought by Canadian-based Gabriel Resources.
16-Dec-2019
Romania Insider
The Government took this decision to unlock the accounts of Romania’s air control company Romatsa, frozen by the Miculas.
20-Jun-2019
Romania Insider
The European Court of Justice on June 18 canceled a European Commission decision dating 2015, which established that Romania’s payment of compensation to Romanian-Swedish investors Ioan and Viorel Micula constituted illegal state aid. The European Commission also ordered the Romanian Government to recover the money already paid to the investors following an international court’s decision.
29-Mar-2019
Energy Industry Review
Hydro-Québec is a Canadian company producing and distributing electricity and one of the largest energy producers in the world.
3-Jul-2017
Alburnus Maior
With Gabriel Resources seeking US$4.4 billion in damages, Alburnus Maior, a prospective amicus curiae in the arbitration case, announces that it aims to file its brief to the ICSID Tribunal until September 2018 at the latest.