There is a new hurdle for the CETA economic agreement between the EU and Canada – this time from Cyprus. The country is concerned about the sale of agricultural products.
Greek investors claim that they were discriminated against and lost millions in the bail-in of Cypriot bank deposits some four years and have launched legal action against Cyprus.
Montenegro's government said that the UNCITRAL arbitration tribunal dismissed all claims of Cyprus-based Central European Aluminum Company against the country.
Investment arbitration process between CEAC Holdings Limited and Montenegro was finished on 26th of July, in a way that the arbitration tribunal declared itself non-jurisdictional for this process.
The film explains how the settlement works and why it endangers necessary governmental rescue measures in financial crises as occurred in Greece, Cypress and Argentina.
The International Centre for Settlement of Investment Disputes (ICSID), in Washington, DC, will hear a case by Israeli investors seeking more than 100 billion forints (EUR 337m) in damages from the state of Hungary because of a failed casino investment, daily Magyar Nemzet said on its website on Saturday.
Russian businesses and banks that face losses from the European Union's bailout of Cyprus are considering legal action but may have a hard time making a case, say lawyers who are combing through treaties find strategies to recover funds.