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Investors in Serbian agriculture venture file for partial annulment of award that only upheld jurisdiction over (and granted damages to) the investment’s ultimate beneficial owner
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ICSID tribunal grants claimants’ request for supplementary decision, clarifying dies a quo for interest owed
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Claimants request supplementary decision in privatization dispute with Serbia
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Analysis: ICSID tribunal majority in Rand v. Serbia admits claim of beneficial owner, sees no implicit legality requirement in the BIT, and awards 14.5 million EUR plus interest; dissenter would have dismissed the claims
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[Updated with a copy of the Award] Serbia is held liable in ICSID arbitration over agriculture venture
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Analysis: ICSID ad hoc committee in BayWa v. Spain sees no grounds for annulment in tribunal’s findings concerning intra-EU objection and rejection of European Commission’s application to intervene as amicus curiae
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ICSID ad hoc committee declines to annul BayWa v. Spain award
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BayWa v. Spain committee lifts stay of enforcement of ICSID award, seeing no risk of non-recoupment
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Three are in place to hear Spain’s latest ICSID annulment bid
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Tribunal denies claimants’ request to suspend criminal investigation into activities of their witness
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Claimants in Serbian agriculture case request suspension of criminal investigation into activities of their witness
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As hearings loom, the parties in Rand v. Serbia arbitration argue over claimants’ asserted “beneficial ownership” of investment, as well as what constitutes a Cypriot corporate “seat”
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Majority of Kaufmann-Kohler chaired tribunal opts to make arbitration documents public despite silence of Cyprus-Serbia BIT on transparency; dissenter warns of an excess of powers
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Gabrielle Kaufmann-Kohler tapped by appointing authority to chair Serbian BIT case
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