2013
MOL v. Croatia MOL Hungarian Oil and Gas Company Plc v. Republic of Croatia (ICSID Case No. ARB/13/32)
Croatia
Hungary
Controlling shareholding (49 per cent) in Industrija nafte, d.d. (INA), a Croatian oil and gas company 44.8 per cent owned by the State.
Claims arising out of the alleged failure by the Government to improve the gas trading business of the company in which MOL had invested (which was loss making), as well as alleged delays and irregularities in granting licenses and the criminal prosecution of claimant's chief executive.
Primary: B - Mining and quarrying
Tertiary: D - Electricity, gas, steam and air conditioning supply
6 - Extraction of crude petroleum and natural gas
35 - Electricity, gas, steam and air conditioning supply
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Berman, F.
Park, W. W.
Stern, B.
Decided in favour of investor
1100.00 mln USD
183.90 mln USD
Umbrella clause

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

Arbitrary, unreasonable and/or discriminatory measures

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

Umbrella clause
None