Summary

... fixed liquidated debt of $$2,222,151,876.24 (two billion, two hundred twenty-two million, one hundred fifty-one thousand, eight hundred seventy-six dollars and twenty-four cents). Treaty Waiver: Pursuant to 28 U.S.C. § 1605(a)(1), Defendant waived its sovereign immunity through the 1996 U.S.-Croatia Bilateral Investment Treaty (BIT).. ..

... the Plaintiff duly filed a formal request for binding international arbitration before the American Arbitration Association / International Centre for Dispute Resolution (AAA/ICDR) on August 8, 2025, in strict accordance with Article VI(2)(c) of the U.S.-Croatia Bilateral Investment Treaty (BIT) and enforceable under Chapter 2 of the Federal Arbitration Act. The Defendant, as a state party, has de facto accepted UNCITRAL standards through historical application. Yet, it actively refused to comply with the arbitration agreement, refused to confirm service, and refused to cooperate with the administering institutions. Instead, it deliberately initiated parallel domestic proceedings within the Defendant State to block international jurisdiction. This conduct directly violates the internationally recognized principle of competence-competence, the right to independent arbitration, and the absolute prohibition of forum shopping by a sovereign state...