ICSID Orders Slovenia To Pay Electric Company $31 Million For Breaches
(December 18, 2015, 1:34 PM EST) -- WASHINGTON, D.C. — A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Dec. 17 issued its decision in an arbitration commenced by the national electric company of Croatia against the Republic of Slovenia in relation to an agreement for the operation of a power plant, finding that it had jurisdiction to hear the dispute and ordering Slovenia to pay the company $31,686,893 (Hrvatska Elektroprivreda d.d. v. Republic of Slovenia, No. ARB/05/24, ICSID).
(Award available. Document #05-151222-011A.)
In November 2005, Hrvatska Elektroprivreda, d.d....