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.
