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ICSID—Romania prevails in claim over Micula brothers’ spirits business (Micula v Romania)

ICSID—Romania prevails in claim over Micula brothers’ spirits business (Micula v Romania)
Published on: 09 March 2020
Published by: Law360
  • ICSID—Romania prevails in claim over Micula brothers’ spirits business (Micula v Romania)
  • What did the tribunal decide?

Article summary

Law360: A pair of Swedish food and beverage investors have lost their US$2.1bn claim accusing Romania of sabotaging their spirits business by failing to adequately police the country’s black liquor market, after an International Centre for Settlement of Investment Disputes (ICSID) arbitral tribunal ruled that Bucharest had a ‘sophisticated mechanism’ to enforce its tax laws. or take a trial to read the full analysis.

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