ISDS Case Map
Albania
The request for arbitration charges that North Macedonia expropriated Amadeus’ investment in a hotel and commercial center in Skopje, all violations of the North Macedonia-Albania bilateral investment treaty, and seeks a damage award of at least $110 million.
Despite warnings that it could deter investment, Albania is pushing ahead with plans to establish a local commercial court to replace the World Bank-funded international arbitration body.
Premier Edi Rama reacted angrily to a decision by a World Bank-funded international arbitration body to grant around 110 million euros in compensation to an Italian businessman who claimed he was politically persecuted in Albania.
The UK has signed another post-Brexit trade deal with an emerging European country: this time, it’s Albania.
Italian businessmen Francesco Becchetti has stepped up his attempt to get the compensation awarded to him in international arbitration against Albania that he won, but that is under appeal.
KURUM company sued Albania at the International Court of Arbitration asking EUR 100 mln for termination of the contract of the container terminal in Durresi Harbor.
Albania, European Union, Georgia, Italy, Slovenia, Spain
While the award rendered by the ICSID on April 24, 2019, has not been disclosed, Albanian media have circulated unconfirmed reports of €110 million.
Ukrainian Deputy Prime Minister says Ukraine is ready to consider the creation of a free trade area with Albania.
Several countries have offered to create free-trade zones with the Eurasian Economic Union including Zimbabwe, Jordan, Syria, Mongolia and Albania.
