2010
Awdi v. Romania Hassan Awdi, Enterprise Business Consultants, Inc. and Alfa El Corporation v. Romania (ICSID Case No. ARB/10/13)
Romania
United States of America
Majority shareholding in a press distribution company that held a concession to operate kiosks across Romania; ownership of a historical building in the centre of Bucharest serving as boutique hotel and restaurant.
Claims arising out of the Government's alleged failure to protect claimants' press distribution and boutique hotel investments, following a decision issued by the Romanian Constitutional Court declaring a law that guaranteed claimants' investment as unconstitutional.
Tertiary: J - Information and communication
Tertiary: L - Real estate activities
58 - Publishing activities
68 - Real estate activities
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Bernardini, P.
Gharavi, H. G.
Dolzer, R.
Decided in favour of investor
Data not available
7.70 mln EUR (8.60 mln USD)
Indirect expropriation

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

Full protection and security, or similar

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures

Other
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
None