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ARTICLE · 02 FEBRUARY 2024

Investor-State Arbitrations Against Serbia

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Numerous countries have faced investor-State arbitrations, including Serbia. This snapshot of reported investor-State arbitrations against Serbia to date is intended to give a quick overview...

GlobalLitigation, Mediation & Arbitration
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Numerous countries have faced investor-State arbitrations, including Serbia. This snapshot of reported investor-State arbitrations against Serbia to date is intended to give a quick overview of the dominant issues arising in the investor-State arbitrations against Serbia. The reported cases of investor-State arbitrations against Serbia are briefly discussed below.

Mera Investment Fund Limited v. Republic of Serbia, ICSID Case No. ARB/17/2

One of the latest Awards in the investor-State arbitrations against Serbia is Mera Investment v. Serbia. The claimant was a Cypriot company, Mera Investment Fund Limited, owner of Mera Invest d.o.o., an investment fund incorporated in Serbia that held shares of a construction company, as well as in local banks. The claims stem from the Government's purported detrimental actions and retaliatory campaign against Mera Invest d.o.o. as a result of the actions undertaken by the ultimate owner. These actions include freezing its

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