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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.

Serbia Knowledge Partner

Who we are

Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

What we do

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups and NGOs. We see our clients as long-term partners.

We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

What sets us apart?

In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

Firm's website: https://www.karanovicpartners.com/

 

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