Arbitral Digest

Matter

Erste Group Bank AG and others v. Republic of Croatia (ICSID Case No. ARB/17/49)

Erste Group's banking investment dispute with Croatia, concerning measures affecting Swiss franc loan agreements and alleged losses to banking investments.

  • Investor-state arbitration
Case no.
ARB/17/49
Seat
United Kingdom
Applicable rules
ICSID Arbitration Rules in force as of April 2006 · ICSID Institution Rules

Procedural record

  1. 15 July 2021United Kingdom

    15 July 2021United Kingdom

    Order of the Tribunal Taking Note of the Discontinuance of the Proceeding

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal took note of the discontinuance after the parties reported that they had resolved their dispute and jointly requested the order. Each party was to bear its own legal costs and expenses, while the fees and expenses of the Tribunal and ICSID were to be paid in equal shares.

    Participants

    Erste Group Bank AG
    Steiermarkische Bank und Sparkassen AG
    Erste & Steiermarkische Bank d.d.
    Republic of Croatia
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Andres Rigo Sureda
    Arbitrator
    Andreas Bucher
    Arbitrator
    Lazar Tomov
    Tribunal secretary
    Jara Minguez Almeida

    Authorities cited

    1
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      statute

Matter record

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Erste Group Bank AG and others v. Republic of Croatia (ICSID Case No. ARB/17/49) · Matter