ICSID tribunal rejects sovereign debt claim against Greece | Practical Law

ICSID tribunal rejects sovereign debt claim against Greece | Practical Law

In Pǒstóva Banka SA and another v Hellenic Republic (ICSID Case No ARB/13/8), an ICSID tribunal considered a claim under the Slovakia/Greece bilateral investment treaty (BIT) by investors regarding government bonds issued by the Greek government.

ICSID tribunal rejects sovereign debt claim against Greece

Practical Law UK Legal Update Case Report 8-608-8686 (Approx. 6 pages)

ICSID tribunal rejects sovereign debt claim against Greece

Published on 15 Apr 2015International
In Pǒstóva Banka SA and another v Hellenic Republic (ICSID Case No ARB/13/8), an ICSID tribunal considered a claim under the Slovakia/Greece bilateral investment treaty (BIT) by investors regarding government bonds issued by the Greek government.
Note: In September 2016, an ICSID ad hoc committee dismissed Poštová banka’s request for partial annulment (see Legal update, Arbitration news round-up to 5 October 2016).