Canadian Investor Says Tribunal Wrongly Dismissed 87M Euro Claim Against Serbia

Mealey's (August 7, 2024, 1:35 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Aug. 6 published a Canadian investor’s memorial arguing for partial annulment of a tribunal’s 14.5 million euro award in his favor on claims against the Republic of Serbia for seizing his shares in a dairy farm investment, asserting that the tribunal wrongly dismissed his claim for indirect holdings worth 87.5 million euros, failed to state reasons for certain findings and applied improper reasoning to its valuation decisions....