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Freshfields and Kalo & Associates Successful for Republic of Albania in ICSID Arbitration

Freshfields and Kalo & Associates Successful for Republic of Albania in ICSID Arbitration

Albania
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Kalo & Associates and Freshfields Bruckhaus Deringer, both acting on behalf of the Republic of Albania, have persuaded an ICSID arbitral panel to dismiss a case brought by the Anglo-Adriatic Investment Fund, which was claiming about EUR 220 million for foreign investment expropriation.

Austria's Kerres & Partners advised Anglo-Adriatic.

The claim, which was registered on February 17, 2017, was heard by a tribunal consisting of President Juan Fernandez-Armesto and arbitrators Georg von Segesser and Brigitte Stern. The tribunal rendered its award on February 7, 2019.

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