Allocation of costs in commercial and investment arbitration under different rules of procedure

Parties to arbitration proceedings seldom attach to the issue of the allocation of arbitral costs comparable weight as they attach to other aspects of the proceedings. Yet there are situations where either unanticipated costs are revealed only at the stage… Read moreAllocation of costs in commercial and investment arbitration under different rules of procedure

New victory for Romanian State!

In an award released on 5 March 2020, an international arbitral tribunal under the auspices of the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) rejected claims against Romania amounting to more than RON 9 billion brought by… Read moreNew victory for Romanian State!

LEAUA DAMCALI DEACONU PAUNESCU in consortium with LENZ & STAEHELIN (Geneva) successfully fend off the claims brought by the Swiss electricity trader ENERGY FINANCING TEAM AG against HIDROELECTRICA, the largest Romanian energy company, in an UNCITRAL Ad Hoc international arbitration

The Arbitral Tribunal constituted under the 1976 UNCITRAL Arbitration Rules rendered its Final Award on 24 December 2018, dismissing the claims brought by Energy Financing Team AG („EFT”) against HIDROELECTRICA SA, the largest Romanian energy company, in their entire The… Read moreLEAUA DAMCALI DEACONU PAUNESCU in consortium with LENZ & STAEHELIN (Geneva) successfully fend off the claims brought by the Swiss electricity trader ENERGY FINANCING TEAM AG against HIDROELECTRICA, the largest Romanian energy company, in an UNCITRAL Ad Hoc international arbitration