ICSID, 26 July 2018, Georg Gavrilović and Gavrilović D.O.O. v. Croatia, ICSID Case No. ARB/12/39, Award

On 26 July 2018, an ICSID arbitral tribunal issued an award in favour of Austrian investors, Georg Gavrilović and Gavrilović D.O.O., claimant in a dispute with the Republic of Croatia (“Respondent”). The dispute arose out of the State’s refusal, when the Croatian War of Independence ended, to recognize a purchase of the family enterprise by [...]