ICSID Finds Cyprus Company Is Not Investor Under BIT, Dismisses Claims
(August 3, 2016, 1:55 PM EDT) -- PARIS — After finding that a Cyprus company was not an investor under the terms of a bilateral investment treaty, a tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Aug. 2 released an award, finding that it lacked jurisdiction over an arbitration commenced against Montenegro in relation to its investment in an aluminum facility (CEAC Holdings Limited v. Montenegro, No. ARB/14/8, ICSID).
(Award available. Document #05-160830-003A.)
On March 11, 2014, CEAC Holdings Limited, a Cyprus company, filed a request for arbitration with...