ICSID Tribunal Dismisses Albania’s Request To Revise 107M Euro Award

Mealey's (April 21, 2023, 3:03 PM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal granted several Italian investors’ application to dismiss the Republic of Albania’s application to revise a 2019 arbitral award ordering it to pay more than 107 million euros, rejecting Albania’s argument that post-award criminal convictions of individuals associated with the investors comprise a “new fact” warranting revision....