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BDK, Three Crowns, and Moussas & Partners Successful for Mytilineos in Arbitration Against Serbian State

BDK, Three Crowns, and Moussas & Partners Successful for Mytilineos in Arbitration Against Serbian State

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BDK Advokati, Three Crowns LLP, and Moussas & Partners have successfully represented Greek investor Mytilineos in an investment arbitration against the Serbian state.

According to BDK, "the international arbitral tribunal held that Serbia, by successive extension of the legislative moratorium on enforcement against companies in privatization restructuring, indirectly expropriated Mytilineos’ investment in RTB Bor without compensation, and frustrated the legitimate and reasonable expectations of this investor to be afforded fair and equitable treatment by the host state. This was in breach of Serbia's international obligations under the Serbia - Greece Bilateral Investment Treaty."

The tribunal ordered Serbia to pay to Mytilineos compensation in the neighborhood of USD 40 million.

The BDK Advokati team was led by Managing Partner Tijana Kojovic.

The Three Crowns team was led by Georgios Petrochilos.

The Moussas & Partners team was led by Managing Partner Nikos Moussas.