The Republic of Albania v Hydro SRL - Arbitration summary with reference to ICC Case 20564 - January 2018
Country
Year
2018
Summary
The Republic of Albania (acting through the Ministry of Public Works, Transport and Telecommunication and the Ministry of Economy, Trade and Energy) was indicted in October 2014 at the International Arbitration of the International Chamber of Commerce (“ICC Arbitration”) by Hydro SRL the resolution of the concession agreement concluded between the litigants for the construction of a hydropower plant in Kalivaç, for the fault of Albania, and was requested the payment of an indemnity in the amount of € 137,235,090, as well as all costs of the Claimant and the arbitration process...