BRIF v. Serbia BRIF TRES d.o.o. Beograd and BRIF-TC d.o.o. Beograd v. Republic of Serbia (ICSID Case No. ARB/20/12)
Investments in a project to construct a shopping mall in Belgrade on land held under a long-term lease agreement signed with the Government of Serbia.
Claims arising out of Serbian authorities’ acts and omissions related to a dispute with a third party over the ownership of land leased to the claimants in 2004 following a tender process. According to the claimants, this stalled their project to construct a shopping center in Belgrade.
Tertiary: F - Construction
41 - Construction of buildings
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Derains, Y.
Haridi, S. A.
Stern, B.
Decided in favour of State
143.60 mln EUR (156.50 mln USD)
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Indirect expropriation

Umbrella clause
None - jurisdiction declined
ICSID annulment proceedings
ICSID annulment proceedings
Order taking note of the discontinuance of the proceeding pursuant to ICSID Administrative and Financial Regulation 16(2)(c) dated 22 December 2023
Pinto, M. (President)

Ohara, Y. (Member)

Ragnwaldh, J. (Member)