2005
Pren Nreka v. Czech Republic Pren Nreka v. Czech Republic
Czechia
Croatia
Lease agreement concluded between the claimant and the Pedagogical Centre of Prague, an educational entity created by the Czech government, to renovate certain portions of a building and to lease two floors of that building for commercial activities.
Claims arising out of the invalidation by respondent’s courts of a 15-year lease agreement concluded between the claimant and the Pedagogical Centre of Prague, resulting in the forced vacation of the investor's leased floors used as a pizzeria restaurant.
Tertiary: N - Administrative and support service activities
77 - Rental and leasing activities
UNCITRAL
None (no administering institution)
Caflisch, L.
Schütze, R. A.
Wennerholm, F.
Decided in favour of investor
Award dated 5 February 2007
26.00 mln CZK (1.50 mln USD)
1.50 mln USD
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Judicial review by national courts
Judicial review by national courts
Award/decision upheld
Recours en Annulation (Paris Court of Appeal) dated 25 September 2008