Summary

Case Report (free download)

Case Report by Annalisa Ciampi, Editor Ignacio Torterola

Summary

Claimant, a company incorporated in the British Virgin Islands, brought a claim against Albania under Albanian Law No 7764 on Foreign Investment (LFI) of 2 November 1993 alleging damages sustained in connection with privatization vouchers issued by the Republic of Albania. The Tribunal found that Claimant had not made a protected investment under LFI and therefore the Centre lacked jurisdiction to rule on this dispute.

Main issues

Whether the "protected investor" is the owner of the "protected investment"

TDM IACL Case Report Anglo-Adriatic Group Limited v. Republic of Albania (ICSID Case No. ARB/17/6) - Award - 7 February 2019

Case report provided by International Arbitration Case Law (IACL)

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