Mera Investment v. Serbia Mera Investment Fund Limited v. Republic of Serbia (ICSID Case No. ARB/17/2)
Ownership of a locally-incorporated investment fund, Mera Invest d.o.o, holding shares in a construction company in Southeastern Serbia and local banks.
Claims arising out of the Government’s alleged harmful measures against Mera Invest, the claimant’s local subsidiary, including the freezing of its assets, fabrication of tax claims, blocking of its bank accounts and accounts of related entities.
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)
von Segesser, G.
Fortier, L. Y.
Cremades, B. M.
Award dated 10 March 2021
Dissenting Opinion by Bernardo M. Cremades
Data not available
Data not available
Indirect expropriation

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

Full protection and security, or similar

Data not available
ICSID annulment proceedings
ICSID annulment proceedings
Decision on Annulment dated 24 April 2023
Nolan, M. D. (President)

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

Muigai, G. (Member)