International Centre for Settlement of Investment Disputes (ICSID)

The arbitration trial between Gabriel Resources and the Romanian State, held at World Bank’s International Centre for Settlement of Investment Disputes (ICSID) in Washington, was suspended following the resignation of the Court's president,…

Rosia Montana was supposed to be Europe’s largest gold mine, now it became the reason Canadian project developer Gabriel Resources asks Romania huge damages of USD 4.4 billion. The lawsuit would be filed Friday with the World Bank's…

Gabriel Resources announced that its majority-owned subsidiary, Rosia Montana Gold Corporation (RMGC), has received a tax assessment from the Agency for Fiscal Administration (ANAF), in respect of value added tax (VAT) deductions claimed by…

Ministry of Finance (MFP) did not pay the EUR 84 million (USD 200 million) plus penalties in damages to Swedish-Romanian investors Viorel and Ioan Micula, established by the International Centre for Settlement of Investment Disputes (ICSID)…

Romania paid the debt to Micula brothers through the payment mechanism regulated by the Competition Council, before the International Centre for Settlement of Investment Disputes (ICSID) decision of last week in Washington, Ministry of…

Brothers Viorel and Ioan Micula, owners of European Food, won the lawsuit against the Romanian state at the International Centre for Settlement of Investment Disputes (ICSID), and were awarded USD 200 million in damages, one of the brothers…

Ministry of Public Finance (MFP) will not have to pay anymore to Ioan and Viorel Micula brothers once again the amount of RON 376 million, as well as the related interest as the International Centre for Settlement of Investment Disputes…