ICSID Panel Orders Albania To Suspend Criminal Proceedings
Mealey's (March 20, 2016, 10:28 PM EDT) -- WASHINGTON, D.C. — A tribunal of the International Centre for Settlement of Investment Disputes (ICSID) on March 3 ordered the Republic of Albania to suspend criminal and extradition proceedings against foreign owners of a number of Albanian companies until the issuance of a final arbitration award (Hydro S.r.I. and others v. Republic of Albania, No. ARB/15/28, ICSID).
(Order of provisional measures available. Document #05-160322-021R.)
Corporate claimants Hydro S.r.I. and Costruzioni, two companies incorporated in Italy, and individual claimants Francesco Becchetti, Mauro De Renzis, Stefania Grigolon and...