ICSID Dismisses Investor’s Claim Against Croatia, Citing Nationality Status

(June 23, 2023, 4:26 PM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal ordered an investor to pay the Republic of Croatia nearly $2 million in attorney fees and arbitration costs after finding its jurisdiction over the dispute precluded by the fact that the investor, who claimed German citizenship, was a “dual national” of Croatia and Germany when his request for arbitration was registered....