Mytilineos v. Serbia (I) Mytilineos Holdings SA v. The State Union of Serbia & Montenegro and Republic of Serbia (I)
Rights under seven agreements concluded between the claimant and RTB-BOR, a socially-owned Yugoslavian company, for cooperation in the mineral extraction and metallurgy business operated by RTB-BOR.
Claims arising out of laws and administrative measures enacted by the Government that allegedly destroyed claimant's investment in a mineral extraction and metallurgy business in the Serbian city of Bor, including the allegedly forced bankruptcy by the respondent of a State-owned bank that had guaranteed the claimant's investment.
Primary: B - Mining and quarrying
7 - Mining of metal ores
PCA (Permanent Court of Arbitration)
Reinisch, A.
Mankatou, A.
Koussoulis, S. (replaced)
Knesevic, G.
Mitrović, D. (replaced)
Decided in favour of State
31.30 mln USD
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures
None - all claims dismissed at the merits stage