Serbia Denies Cypriot, Canadian Investors’ 30M Euro Land Use ICSID Claims

(October 19, 2023, 1:16 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Oct. 18 published the Republic of Serbia’s countermemorial raising jurisdictional and admissibility objections to claims brought against it by Cypriot and Canadian investors who contend that Serbia caused 30 million euros in damages by building traffic infrastructure on land they sought to develop, which Serbia says was within its rights....