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Albania Can t Get $132M Award In Claim Over TV Station Nixed
Law360 (April 6, 2021, 9:04 PM EDT) Albania couldn t convince an international committee that a tribunal lacked adequate reasoning when it handed down an arbitral award ordering the country to pay €111 million ($131.8 million) for expropriating investments in a television station.
An International Centre for Settlement of Investment Disputes ad hoc committee on Friday rejected the country s petition to annul the award, which had been issued two years ago to Italian businessman Francesco Becchetti and several co-claimants after arbitrators concluded that Albania had destroyed their investment in a television company called Agonset Shpk.
Transcript of Round Table Discussion of Deputy Assistant Secretary of State Matthew Palmer with Albanian Reporters
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Albania Can t Get $132M Award In Claim Over TV Station Nixed
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.