Serbia Says Tribunal Properly Dismissed Canadian Dairy Investor’s 87M Euro Claim

Mealey's ( November 21, 2024, 10:55 AM EST) -- WASHINGTON, D.C. — The Republic of Serbia urges an International Centre for Settlement of Investment Disputes (ICSID) ad hoc committee to reject a Canadian investor’s application for annulment of a tribunal’s refusal to award him damages for the loss of indirect holdings worth 87.5 million euros, writing in a countermemorial that the tribunal properly explained its reasoning and did not exceed its powers....