ICSID Refuses To Annul Award Dismissing Claims Against Greece
Mealey's (October 5, 2016, 1:56 PM EDT) -- WASHINGTON, D.C. — After finding no contradictory reasoning in an award that dismissed a Greek company and bank's investment-related claims against the Hellenic Republic for lack of jurisdiction, an ad hoc committee for the International Centre for Settlement of Investment Disputes (ICSID) on Sept. 30 released a decision in which it refused to partially annul the award (Postova banka, a.s. and Istrokapital SE v. Hellenic Republic, No. ARB/13/8, ICSID).
(Decision on annulment available. Document #05-161025-016A.)
Postova banka a.s. (the bank) and Istrokapital SE filed...