Croatia Tells Judge $236M Award To Hungarian Gas Company Violates EU Law

(July 10, 2023, 2:23 PM EDT) -- WASHINGTON, D.C. — The Republic of Croatia on July 7 moved in a District of Columbia federal court to dismiss a Hungarian gas company’s petition to enforce an International Centre for Settlement of Investment Disputes (ICSID) arbitration award in its favor worth more than $236 million, writing that the court lacks jurisdiction because the underlying arbitration agreement was later invalidated by rulings of the European Union’s highest court....