2015
Hydro and others v. Albania Hydro S.r.l. and others v. Republic of Albania (ICSID Case No. ARB/15/28)
Albania
Italy
Investments in a hydroelectric plant in Kalivaç in southern Albania, a waste management facility, and the TV station Agonset.
Claims arising out of the Government’s alleged actions to undermine the claimants’ investments, including tax audit proceedings, money laundering investigations, seizure and sequestration of bank accounts and assets, and arrest warrants against individual claimants.
Tertiary: D - Electricity, gas, steam and air conditioning supply
Tertiary: E - Water supply; sewerage, waste management and remediation activities
Tertiary: J - Information and communication
35 - Electricity, gas, steam and air conditioning supply
36 - Water collection, treatment and supply
60 - Programming and broadcasting activities
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Pryles, M. C.
Poncet, C.
Glick, I.
Decided in favour of investor
Award dated 24 April 2019
650.00 mln EUR (728.40 mln USD)
110.00 mln EUR (123.60 mln USD)
Direct expropriation
Direct expropriation
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Low, L. A. (President)

van Haersolte-Van Hof, J. J. (Member)

Ó Hoisín, C. (Member)