EuroGas and Belmont v. Slovakia EuroGas Inc. and Belmont Resources Inc. v. Slovak Republic (ICSID Case No. ARB/14/14)

United States of America
Majority shareholding (90 per cent) in Rozmina, a Slovakian company that held an exclusive right to carry out talc mining activities in Slovakia.
Claims arising out of the revocation of claimants' exclusive rights for mining activities at the Gemerska Poloma talc deposit allegedly without compensation, despite three decisions of Slovakia's Supreme Court declaring such action illegal.
Primary: B - Mining and quarrying
8 - Other mining and quarrying
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Mayer, P.
Gaillard, E.
Stern, B.
Decided in favour of State
500.00 mln EUR (655.00 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

Direct expropriation

Indirect expropriation

Umbrella clause
None - jurisdiction declined
ICSID annulment proceedings
ICSID annulment proceedings
Bottini, G. (Member)

Malik, M. (Member)

Greenwood, C. (President)