Guardian Fiduciary v. Macedonia Guardian Fiduciary Trust, Ltd, f/k/a Capital Conservator Savings & Loan, Ltd v. Macedonia, former Yugoslav Republic of (ICSID Case No. ARB/12/31)
North Macedonia
Accounts in the Macedonian Stopanska Banka used by the claimant for its business operations/financial services.
Claims arising out of the closure of the claimant’s bank accounts at Stopanska Banka on money laundering grounds, arrest of one of the claimant’s directors for money laundering and disclosure of this information to the public.
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Heiskanen, V.
Bucher, A.
Stern, B.
Decided in favour of State
20.00 mln USD
Data not available
Data not available
None - jurisdiction declined