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2014
EuroGas and Belmont v. Slovakia EuroGas Inc. and Belmont Resources Inc. v. Slovak Republic (ICSID Case No. ARB/14/14)
Nationality of the parties
Slovakia
Canada

United States of America
Summary of matters at issue
Majority shareholding (90 per cent) in Rozmina, a Slovakian company that held an exclusive right to carry out talc mining activities in Slovakia.
Claims arising out of the revocation of claimants' exclusive rights for mining activities at the Gemerska Poloma talc deposit allegedly without compensation, despite three decisions of Slovakia's Supreme Court declaring such action illegal.
Economic sector and subsector
Primary: B - Mining and quarrying
8 - Other mining and quarrying
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Mayer, P.
Gaillard, E.
Stern, B.
Status/Outcome of original proceedings
Decided in favour of State
Amount of compensation
500.00 mln EUR (655.00 mln USD)
Data not available
IIA breaches alleged/found
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures

Direct expropriation

Indirect expropriation

Umbrella clause
None - jurisdiction declined
Follow-on proceedings
ICSID annulment proceedings
ICSID annulment proceedings
Pending
None
Bottini, G. (Member)

Malik, M. (Member)

Greenwood, C. (President)
Link to Italaw's case page