Elitech and Razvoj v. Croatia Elitech B.V. and Razvoj Golf D.O.O. v. Republic of Croatia (ICSID Case No. ARB/17/32)
Investments in constructing a golf resort development near Dubrovnik.
Claims arising out of Croatia’s allegedly arbitrary and unfair actions that have led to a standstill in construction of a golf resort. Related facts include opposition from local politicians and residents, who complained that the project would damage the environment and threaten Dubrovnik's UNESCO World Heritage Site status, and the Croatian court rulings attempting to overturn the energy and environment ministry approval of the resort’s construction.
Tertiary: F - Construction
Tertiary: R - Arts, entertainment and recreation
Tertiary: L - Real estate activities
41 - Construction of buildings
93 - Sports activities and amusement and recreation activities
68 - Real estate activities
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
McRae, D. M. (replaced)
Kaufmann-Kohler, G.
Gotanda, J. Y.
Stern, B.
500.00 mln USD
Data not available
Data not available