PCA Finds Poland Is Not Liable For Ministry's Actions, Dismisses BIT Claims
(August 26, 2016, 3:30 PM EDT) -- THE HAGUE, The Netherlands — A tribunal for the Permanent Court of Arbitration (PCA) on June 27 issued an award in an arbitration commenced by a group of investors in a large farm property against the Republic of Poland, finding that actions taken by a Polish ministry to terminate the lease could not be attributed to Poland (Mr. Kristian Almås and Mr. Geir Almås v. The Republic of Poland, No. 2015-13, PCA).
(Award available. Document #05-160830-009A.)
Kristian Almås and Geir Almås, nationals of the Kingdom...