Squire Patton Boggs has successfully represented the Slovak Republic in an investment treaty claim originally worth USD 2.11 billion.
According to Squire Patton Boggs, “the claim, Discovery Global LLC v Slovak Republic was brought by the US oil and gas company Discovery Global under the US-Slovakia bilateral investment treaty. Having acquired licenses for oil and gas exploration in eastern Slovakia, Discovery Global alleged that the government had effectively sabotaged the project through its failure to stop environmental protestors from blocking access to well sites, and by requiring a full environmental impact assessment under Slovak law. The tribunal dismissed the case in its entirety and also awarded the Slovak Republic the majority of its costs. The Slovak Republic remains one of the few countries in the world that has not lost in international investment arbitration and has not been ordered to pay any compensation of damages to the claimants.”
The Squire Patton Boggs team included Slovakia Office Managing Partner Tatiana Prokopova, Partners Stephen Anway, Rostislav Pekar, and Dave Alexander, Of Counsels Jakub Kamenicky and Eva Dragunova, and Associates Douglas Pilawa and Christina Luo.
