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Link Trading v. Moldova Link-Trading Joint Stock Company v. Department for Customs Control of the Republic of Moldova
Nationality of the parties
Moldova, Republic of
United States of America
Summary of matters at issue
U.S.-Moldovan joint venture company engaged in the import of consumer products into the Free Economic Zone of Chisinau and resale to retail customers.
Claims arising out of changes in the rates of duties and VAT exemptions introduced by the 1998 Moldovan Law on the Budget which allegedly destroyed the economic viability of claimant's business.
Economic sector and subsector
Tertiary: G - Wholesale and retail trade; repair of motor vehicles and motorcycles
47 - Retail trade, except of motor vehicles and motorcycles
Arbitral rules and administering institution
None (no administering institution)
Composition of tribunal
Hertzfeld, J. M.
Buruiana, I. V.
Zykin, I. S.
Status/Outcome of original proceedings
Decided in favour of State
Amount of compensation
3.50 mln USD
Data not available
IIA breaches alleged/found
Indirect expropriation
None - all claims dismissed at the merits stage
Follow-on proceedings
Link to Italaw's case page
Links to background sources