Mytilineos prevails in investment arbitration dispute against Serbia

BDK Advokati (Tijana Kojović), together with Three Crowns LLP (Georgios Petrochilos) and Moussass & Partners (Nikos Moussas), represented Greek investor Mytilineos in investment arbitration dispute against the Serbian state. The international arbitral tribunal held that Serbia, by successive extension of the legislative moratorium on enforcement against companies in privatization restructuring, indirectly expropriated without compensation Mytilineos’ investment in RTB Bor, and frustrated legitimate and reasonable expectations of this investor to be afforded fair and equitable treatment by the host state. This was in breach of Serbia's international obligations under the Serbia - Greece Bilateral Investment Treaty. The tribunal ordered Serbia to pay to Mytilineos a compensation in the neighborhood of 40 million US dollars.

Mytilineos' press release is available here.