RJ Gaito and Baker & Hostetler are representing a Luxembourg investor in an Energy Charter Treaty claim against the Republic of Slovenia before the International Centre for Settlement of Investment Disputes (ICSID).
On behalf of our client Towra S.A.-SpF, we recently filed a request for arbitration against the Republic of Slovenia with the World Bank’s International Centre for Settlement of Investment Disputes (ICSID).
The arbitration, Towra SA-SPF v. Republic of Slovenia (ICSID Case No. ARB/22/33), which concerns Slovenia’s expropriatory and discriminatory treatment of Towra’s investment in Slovenian lignite producer Premogovnik Velenje, d. o. o., in breach of the Energy Charter Treaty (ECT). ICSID, part of the World Bank Group headquartered in Washington, D.C., is the world’s leading arbitral institution for settlement of disputes between States and foreign investors.
To vindicate our client’s treaty rights in this international forum, RJ Gaito has joined forces with colleagues and friends from the International Arbitration and Litigation practice at Baker & Hostetler including Carlos Ramos-Mrosovsky and Oren Warshavsky in New York and Paul Levine in Washington, DC.
Ronnen J. Gaito, founding partner, commented:
For the past 12 years our firm has advised sophisticated international clients on investments around the world. This case demonstrates our broad international reach, the strength of our international partnerships, and our ability to defend our clients’ interests on a global stage.