ICSID Tribunal Rejects Latvia’s Intra-EU Objection To Bank Investors’ Claim

(July 27, 2021, 1:36 PM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal in a decision published July 22 said the Republic of Latvia’s pre-existing consent to arbitration under a bilateral investment treaty with U.K. investors is not precluded by recent European Union case law prohibiting arbitration between EU member states....

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