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Queritius and Wolf Theiss Successful for Mol in ICSID Arbitration Against Republic of Croatia

Queritius and Wolf Theiss Successful for Mol in ICSID Arbitration Against Republic of Croatia

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Queritius and Wolf Theiss, working with Dechert, have successfully represented the interests of the Mol Group in a USD 230 million ICSID arbitration case against the Republic of Croatia. Reportedly, Weil Gotshal & Manges, Peters & Peters, and Brick Court Chambers also represented Mol.

According to Queritius, the case concerned claims that arose under the Energy Charter Treaty. “The tribunal has roundly rejected Croatia’s allegation that Mol’s Chairman and CEO bribed ex-Prime Minister Ivo Sanader to acquire control over Mol’s investment in Croatia – a charge for which Croatian courts have convicted both.”

The Queritius team was led by Partner Daniel Dozsa.

The Wolf Theiss team included Partner Dalibor Valincic, Senior Associate Ana Grubesic, and Associates Lucia Mocibob and Borna Dejanovic.

The Mol Group’s in-house team was led by Pal Kara and Sandor Rezman.

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With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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