Arbitral Digest

Matter

Spyridon Roussalis v. Romania (ICSID Case No. ARB/06/1)

Case no.
ARB/06/1
  1. 22 July 2008Arbitration

    22 July 2008Arbitration

    Decision on Provisional Measures dated 22 July 2008

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal directed that Roussalis not sell or alienate property belonging to Continent SA, without prejudice to the substantive issues in dispute.

    Supporting details

    2 participants
    Spyridon Roussalis
    Romania
    International Centre for Settlement of Investment Disputes

    11 months and 10 days later · 345 days

  2. 2 July 2009Arbitration

    2 July 2009Arbitration

    Decision on Provisional Measures dated 2 July 2009

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal ordered Roussalis to cause Continent SRL and Continent SA to seek, together with Romania and AVAS, a stay of two pending Romanian court proceedings until the Award was rendered.

    Supporting details

    3 participants
    Spyridon Roussalis
    Romania
    Authority for State Assets Recovery
    International Centre for Settlement of Investment Disputes

    3 months and 12 days later · 104 days

  3. 14 October 2009Arbitration

    14 October 2009Arbitration

    Decision on Document Production and Preservation of Evidence dated 14 October 2009

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal rejected Romania's request for document production and preservation of evidence in its entirety.

    Supporting details

    2 participants
    Spyridon Roussalis
    Romania
    International Centre for Settlement of Investment Disputes

    2 years, 1 month and 23 days later · 784 days

  4. 7 December 2011Arbitration

    7 December 2011Arbitration

    Award in Spyridon Roussalis v. Romania (ICSID Case No. ARB/06/1) dated 7 December 2011

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal found jurisdiction over Roussalis's claims under the bilateral investment treaty but no jurisdiction over Romania's counterclaim. It dismissed Roussalis's claims as unfounded, ordered him to pay Romania USD 217,290 in arbitration costs and EUR 6,053,443.78 in legal fees and expenses, and ended the provisional measures adopted on 22 July 2008 and 2 July 2009.

    Supporting details

    22 authorities · 2 participants
    Spyridon Roussalis
    Romania
    International Centre for Settlement of Investment Disputes

    Authorities cited

    22
    • Romanian Law No. 26/1990 (Law No. 26/1990)
      statute
    • Romanian Law No. 31/1990 (Law No. 31/1990)
      statute
    • Romanian Law No. 30/1994 (Law No. 30/1994)
      statute
    • Romanian Law No. 99/1999 (Law No. 99/1999)
      statute
    • Romanian Decree No. 167/1958 (Decree No. 167/1958)
      statute
    • Noble Ventures, Inc. v. Romania (ICSID Case No. ARB/01/11)
      case law
    • Inceysa Vallisoletana S.L. v. Republic of El Salvador (ICSID Case No. ARB/03/26)
      case law
    • Generation Ukraine, Inc. v. Ukraine
      case law
    • Metalclad v. United Mexican States (ICSID Case No. ARB(AF)/97/1)
      case law
    • Brumarescu v. Romania
      case law
    • Ryabykh v. Russia (Application No. 52854/99)
      case law
    • Rumeli and Telsim v. Republic of Kazakhstan (ICSID Case No. ARB/05/16)
      case law
    • Parkerings-Compagniet AS v. Lithuania
      case law
    • Tecmed S.A. v. United Mexican States (ICSID Case No. ARB(AF)/00/2)
      case law
    • CMS Gas Transmission Company v. Argentine Republic (ICSID Case No. ARB/01/8)
      case law
    • MTD Equity Sdn. Bhd. and MTD Chile S.A. v. Republic of Chile (ICSID Case No. ARB/01/7)
      case law
    • Saipem S.p.A. v. The People's Republic of Bangladesh (ICSID Case No. ARB/05/07)
      case law
    • S.A.R.L. Benvenuti and Bonfant v. People's Republic of Congo
      case law
    • Desert Line Projects LLC v. Republic of Yemen
      case law
    • Biwater Gauff Ltd. v. United Republic of Tanzania (ICSID Case No. ARB/05/22)
      case law
    • Telenor Mobile Communications A.S. v. Republic of Hungary
      case law
    • AMT v. Zaire (ICSID Case No. ARB/93/1)
      case law

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Spyridon Roussalis v. Romania (ICSID Case No. ARB/06/1) · Matter