Micula v. Romania (II) Ioan Micula, Viorel Micula and others v. Romania (II) (ICSID Case No. ARB/14/29)
Interests in Romanian beverage production enterprises.
Claims arising out of the Government’s alleged failure to enforce its tax laws and to prevent the growth of illegal alcohol sales, causing harm to the claimants’ spirits business; and the Government’s imposition of unilateral price increases related to the claimants’ mineral water business conducted under a long-term sale and purchase contract with a national company.
Secondary: C - Manufacturing
11 - Manufacture of beverages
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
McRae, D. M.
Pryles, M. C. (replaced)
Crook, J. R.
Beechey, J.
Decided in favour of State
9121.80 mln RON (2112.80 mln USD)
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures

Umbrella clause
None - all claims dismissed at the merits stage
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Decision on Annulment dated 4 January 2022
Zuleta, E. (President)

Jana Linetzky, A. (Member)

Shin, H.-T. (Member)