Legal News

Security refused but permission to appeal granted on ICSID award enforcement (Micula v Romania)

Security refused but permission to appeal granted on ICSID award enforcement (Micula v Romania)
Published on: 20 June 2017
Published by: LexisPSL
  • Security refused but permission to appeal granted on ICSID award enforcement (Micula v Romania)
  • Original news
  • What, briefly, was the background to the judgment?
  • What issues were before the court?
  • On what basis was permission to appeal granted?
  • What were the arguments on security?
  • What did the court decide?
  • Why is the judgment of interest to practitioners?

Article summary

Arbitration analysis: Matthieu Gregoire, barrister at 4 New Square, considers the latest judgment in Micula v Romania in which Mr Justice Blair granted the Micula claimants permission to appeal his previous judgment of 20 January 2017 but declined their application that the stay of enforcement which he had granted be made conditional on the payment by the respondent of security for the International Centre for Settlement of Investment Disputes (ICSID) award. or take a trial to read the full analysis.

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