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Can Romania escape its arbitral award catch-22

Published on: 13 December 2024
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Table of contents

  • Summary of the saga
  • Enforcement attempts
  • Romania’s options
  • Conclusion

Article summary

Law360: On 2 October 2024, the European Union General Court upheld a decision by the European Commission prohibiting Romania from paying a €178m award from the International Centre for Settlement of Investment Disputes in favour of the Micula brothers.

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