ISDS Case Map
Romania
Romania deposited with the Energy Charter Secretariat a written notification of its decision to withdraw from the Energy Charter Treaty.
Plaza Centers’ major dispute with Romania over a stalled development project, which has involved dual arbitrations, has seen ICSID dismiss the company’s claim on jurisdictional grounds.
The submission recommends that Bilateral Investment agreements with Hungary, Poland, Czechia, Lithuania and Romania should be terminated without sunset clauses, which preserve existing investor rights to sue after agreements are terminated.
The Government has approved a draft law approving Romania’s withdrawal from the Energy Charter Treaty.
The International Center for Settlement of Investment Disputes in Washington rejected the Romanian government's request to terminate the arbitration case filed by the Bulgarian group Eurohold and its insurance arm Euroins Insurance Group.
Romania currently has nine pending cases with the International Centre for the Settlement of Investment Disputes. Here are three of three of the biggest cases in the last few years, and what they mean for foreign investors in Romania.
The Romanian state has lost a lawsuit pending before the International Court of Arbitration in Washington, initiated in 2020 by an investor in the renewable energy sector.
Romania opposes the free trade agreement with the countries of the Mercosur bloc, considering that it will bring significant harm to the agri-food sector and Romanian farmers, said agriculture minister.
Romania has won an international arbitration case brought by investors in renewable energy, avoiding EUR 256 million in claimed damages.
As the Micula Case heads to the ECJ, it presents a pivotal moment for the intersection of EU law and international arbitration.
