EVN AG v. North Macedonia, ICSID Case No. ARB/09/10

  • >Claimant : EVN AG
  • >Nationality : Austria
  • >Respondent : North Macedonia
  • >Procedural rules applied : ICSID
  • >Chair : Piero Bernardini
  • >Arbitrator appointed by Claimant : Francisco Orrego Vicuña
  • >Arbitrator appointed by Respondent : Vaughan Lowe
  • >Invoked instruments : ECT and BIT
  • >Breaches alleged :  
  • >Case status : Settlement agreed
  • >Year of the award or agreement : 2011
  • >Year of registration : 2009

  • >Subject matter of the dispute: Alleged actions by regulatory authorities and government agencies in relation to the pricing of electricity and compensation for public obligations in respect to renewable energy
  • >BIT invoked: Austria-North Macedonia BIT
  • >Amount claimed: EUR 160 million (USD 229.1 million)
  • >Amount awarded: N/A
  • >Costs of arbitration: N/A
  • >Award legal costs: Each party bears its own legal costs
  • >Award costs of arbitration: Parties share costs equally

 

ARBITRAL DECISION

2 September 2011

Arbitral Award


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