ICSID Committee Denies Application To Annul Award For Montenegro

(May 2, 2018, 1:23 PM EDT) -- PARIS — An ad hoc Committee for the International Centre for Settlement of Investment Disputes (ICSID) on May 2 released its decision refusing to annul an award in which a tribunal found that a Cyprus company was not an investor under the terms of a bilateral investment treaty and that it lacked jurisdiction over an arbitration with Montenegro, finding no manifest excess of powers or breach of a fundamental rule of procedure (CEAC Holdings Limited v. Montenegro, ARB/14/08, ICSID)....