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Albania struggle highlights investment enforcement challenges


Albania struggle highlights investment enforcement challenges
Published by:
Andrew Mizner
at 07/04/2021
Albania’s attempt to annul a EUR 110 million arbitral award has failed, but the enforcement battle.
Albania’s attempt to annul a EUR 110 million arbitral award has failed, but the enforcement battle has highlighted a growing trend for non-compliance with investment awards.
Two years after winning an investor-state arbitration against Albania, a group of Italian investors has defeated an attempt to annul the award and is fighting a Europe-wide battle to enforce its payment.
The group, consisting of companies
Hydro and
Costruzioni, and investors Liliana Condomitti, Mauro De Renzis, Stefania Grigolon and Francesco Becchetti won EUR 110 million, and the majority of their costs, after a tribunal of the ....

San Leon , France General , United Kingdom , United States , Bruxelles Capitale , City Of , World Bank , District Of Columbia , The Netherlands , Davidw Rivkin , Alice Boulvain , Jacomijn Van Haersolte Hof , Stefania Grigolon , Francesco Becchetti , Marjolein Heuten , Liliana Condomitti , Romain Zamour , Jean Luc Hagon , Andrew Mizner , Loyens Loeff , Debevoise Plimpton , Catherine Amirfar , Moeun Cha , Azeezah Goodwin , Brussels Court , International Centre For Settlement Of Investment Disputes ,