Aggarwal and others v. Bosnia and Herzegovina Naveen Aggarwal, Neete Gupta, and Usha Industries, Inc. v. Bosnia and Herzegovina
Bosnia and Herzegovina

United States of America
Majority shareholding in Krajina osiguranje a.d. Banja Luka (“Krajina”), a local partly State-owned insurance company.
Claims arising out of the alleged freeze of the claimants’ shareholding in the insurance company Krajina and other actions allegedly taken by Bosnian regulatory agencies to prevent the claimants from exercising their majority ownership rights in Krajina, after the claimants had accused the Bosnian authorities of fraudulent misrepresentations in the offering prospectus on which they had relied when purchasing the shares.
Tertiary: K - Financial and insurance activities
65 - Insurance, reinsurance and pension funding, except compulsory social security
Data not available
Hanotiau, B.
Laird, I. A.
Cremades, B. M.
Decided in favour of State
Award dated 2020
40.00 mln USD
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

National treatment

Most-favoured nation treatment

Indirect expropriation
Data not available