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ICSID Refuses To Award Damages On Treaty Claims Against Romania

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WASHINGTON, D.C. - A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on May 6 issued an award in a dispute over an investment in an oil refinery, finding that a Netherlands corporation failed to show that it suffered losses as a result of Romania's breaches of a bilateral investment treaty (The Rompetrol Group N.V. v. Romania, No. ARB/06/3, ICSID)....(read more)

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