2009
EVN v. Macedonia EVN AG v. Macedonia, former Yugoslav Republic of (ICSID Case No. ARB/09/10)
North Macedonia
Austria
Majority shareholding (90 per cent) in an electricity distribution and supply company, EVN Macedonia AD; rights under an agreement for the sale and purchase of State-owned shares in Macedonia's national electricity distributor concluded between the claimant and Macedonia's Ministry of Economy.
Claims arising out of EVN's acquisition of Macedonia's national electricity distributor and a decision by a domestic court finding the claimant liable for pre-existing debts to ELEM, Macedonia’s state electricity company that used to own the firm, under certain share purchase agreement.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Bernardini, P.
Orrego Vicuña, F.
Lowe, V.
160.00 mln EUR (229.10 mln USD)
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Not applicable - settled or discontinued before decision on liability
None