18 March 16:54
Romania lost an ICSID case and has to pay €42 million plus interest to renewable energy companies.
Mormence Alina
Economy
foto: pexels.com
Ten renewable energy companies have won a case against Romania at the World Bank's arbitration tribunal. The dispute stemmed from legislative changes in 2013-2014 and 2017-2018 that affected the companies' investments. They initially sought damages of €142.7 million, and the Arbitral Tribunal ruled in their favor.
Sources
România a pierdut la Tribunalul arbitral al Băncii Mondiale de la Washington un proces intentat de industria regenerabilelor
BREAKING România a pierdut la ICSID procesul pe certificatele verzi introduse de Victor Ponta. Țara noastră datorează despăgubiri de 42 milioane de euro plus dobânzi
BREAKING România a pierdut la ICSID procesul pe certificatele verzi introduse de Victor Ponta. Țara noastră datorează despăgubiri de 42 milioane de euro plus despăgubiri
ȘTIRI PE ACELEAȘI SUBIECTE
Current Affairs
The International Dispute Resolution Center rejected Romania's request to terminate the proceedings initiated by Eurohold Bulgaria and Euroins.
Current Affairs
The Micula brothers have hired an American lobbying firm for the lawsuit against Romania. The stake is the amount of 356 million dollars.
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