ISDS Case Map
Croatia
Switzerland's top court has rejected Croatia's request to annul an arbitral award by the United Nations Commission on International Trade Law (UNCITRAL) in the INA-MOL case, the government said.
Croatia has lodged a request with the Federal Supreme Court of Switzerland for the annulment of an arbitral award in the case INA-MOL
Croatia's government said it will appeal the ruling of the Arbitral Tribunal which dismissed Croatia's claims against Hungary's MOL in a case concerning Croatian oil and gas company INA
Unfavourable arbitration ruling means that Croatia will have to cover most of the costs.
In the landscape of international investment arbitration the allegations of corruption have become more and more common.
The Croatian government is facing a lawsuit for forcing local banks to convert Swiss franc loans into euros.
The Central European Free Trade Agreement (CEFTA) needs one more country to ratify it before it can take effect.
Croatia, Bosnia-Herzegovina, Serbia-Montenegro, Kosovo, Albania, Macedonia and Moldavia are expected to become a unique free trade zone by the end of 2007.
The European Union will give strong support to efforts by the continent's southeastern countries, most of them in the Balkans, to sign a regional free trade deal this year, EU officials said on Monday.
The European Commission has proposed replacing the existing web of bilateral trade agreements in the Balkans with a regional free trade agreement -- a move it says would boost economic prospects. However, the idea has met with opposition in Croatia.
