Matter
BRIF TRES d.o.o. Beograd and BRIF-TC d.o.o. Beograd v. Republic of Serbia (ICSID Case No. ARB/20/12)
ICSID arbitration by BRIF TRES and BRIF-TC against Serbia concerned the tribunal’s jurisdiction over the investment dispute.
Procedural record
- 30 January 2023Arbitration
30 January 2023Arbitration
Award dated 30 January 2023
International Centre for Settlement of Investment Disputes
- Decision summary
- By majority, the Tribunal declared that the dispute was not within the jurisdiction of the Centre. It ordered the Claimants to bear 90% of the Respondent's arbitration costs, reimburse 90% of the Respondent's legal fees and expenses, pay USD 238,894.52 for incurred ICSID and tribunal costs, and bear their own arbitration costs.
Participants
BRIF TRES d.o.o. Beograd
BRIF-TC d.o.o. Beograd
Republic of Serbia
International Centre for Settlement of Investment Disputes
- Arbitrator
- Yves Derains
- Arbitrator
- Samaa Haridi
- Arbitrator
- Brigitte Stern
- Tribunal secretary
- Aurelia Antonietti
- Tribunal secretary
- Ana Gerdau de Borja Mercereau