Mining Companies Argue Romania Breached Treaty, Seek $3.2B In ICSID Case

(July 20, 2018, 4:01 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICISD) on July 11 released a memorial filed by mining companies that commenced an arbitration against Romania in relation to their investments in a gold and silver project, seeking an award of $3,285,656,649 for violations of a bilateral investment treaty (BIT) (Gabriel Resources Ltd. and Gabriel Resources [Jersey] v. Romania, No. ARB/15/31, ICSID)....

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