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Debevoise Wins Historic Damages Award for Liberian Victims of Lutheran Church Massacre
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Four Liberians Lutheran Church Massacre Victims Win Historic Damages Award In U S
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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