ICSID Finds Moldova Breached Treaty In Dispute Over Duty-Free Stores

ICSID Finds Moldova Breached Treaty In Dispute Over Duty-Free Stores

WASHINGTON, D.C. - A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on April 10 released its award in an investment dispute, finding that the Republic of Moldova breached various obligations under a bilateral investment treaty and ordering it to pay damages to a claimant who invested in opening various cross-border duty-free stores (Franck Charles Arif v. Republic of Moldova, No. ARB/11/23, ICSID).

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