ICSID Committee Rejects Romania's Application To Annul Award For Investors

(March 4, 2016, 12:18 PM EST) -- PARIS — A decision by an ad hoc committee for the International Centre for Settlement of Investment Disputes (ICSID) was released March 4 in which it rejected an application filed by Romania to annul a $185,530,618 award that was issued in favor of several investors (Ioan Micula, et al. v. Romania, No. ARB/05/20, ICSID)....

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