England and Wales Court of Appeal, 27 July 2018, Viorel Micula, Ioan Micula, S.C. European Food S.A., S.C. Starmill S.R.L. and S.C. Multipack S.R.L. v. Romania, [2018] EWCA Civ 1801

In 2013, an ICSID arbitral tribunal issued an award in an investment treaty-based case opposing Romania (“Respondent”) to the Micula brothers and three companies controlled by them – S.C. European Food S.A., S.C. Starmill S.R.L. and S.C. Multipack S.R.L (“Claimants”). In this award, the arbitral tribunal recognised the violation of the FET standard due to [...]

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