ICSID, 18 August 2017, Eurogas Inc. (US) and Belmont Resources Inc. (Canada) v. Slovak Republic, no. ARB/14/14

In 1998, exclusive rights for mining activities at the Gemerska Poloma deposit in Slovakia were awarded to Rozmin, a Slovak Republic-incorporated company in which Eurogas (US), and Belmont Resources (Canada), hold a 90% shareholding interest. In early 2005, the Slovak Republic unexpectedly revoked Rozmin’s mining rights without warning, justification or compensation. The request for arbitration [...]