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Romania

Romania mining town Rosia Montana eyes UNESCO restart
23-Jul-2021 France 24
Meanwhile, Gabriel Resources has taken Romania before the World Bank’s International Centre for Settlement of Investment Disputes, seeking $4.4 billion (3.7 billion euros) in damages.
Wind farm owner sues Romania at WB’s arbitrage court
27-May-2020 Romania-Insider
Cyprus-based offshore EP Wind Project (Rom) Six Ltd claims that Romania has breached the Energy Charter Treaty.
2019 annual results
16-Mar-2020 Gabriel Resources
Gabriel has provided notice to Romania of a dispute with regard to Romania’s application to UNESCO in relation to Roşia Montană and has reserved its right to commence a further arbitration.
Romania wins €2.36bn lawsuit against spirits producer
11-Mar-2020 The Drinks Business
Romania has won the second lawsuit filed against it by brothers Ioan and Viorel Micula, who accused Romania of allowing the development of a black market for the sale of alcohol.
People power in Romania stopped a mining project. now the corporation is suing for billions of dollars
17-Dec-2019 Inequality.org
Romanian and US environmental justice activists demonstrated in Washington, DC, outside a World Bank tribunal hearing on a case brought by Canadian-based Gabriel Resources.
Romania agrees to pay large compensations to Romanian-Swedish investors
16-Dec-2019 Romania Insider
The Government took this decision to unlock the accounts of Romania’s air control company Romatsa, frozen by the Miculas.
EU allows Romania to pay EUR 200 mln compensation to Romanian-Swedish investors
20-Jun-2019 Romania Insider
The European Court of Justice on June 18 canceled a European Commission decision dating 2015, which established that Romania’s payment of compensation to Romanian-Swedish investors Ioan and Viorel Micula constituted illegal state aid. The European Commission also ordered the Romanian Government to recover the money already paid to the investors following an international court’s decision.
Rosia Montana: Seeds of utopia in town almost lost to gold mining
24-Apr-2019 Al Jazeera
In 2015, Gabriel Resources sued Romania before of the ICSID, asking for a reported four billion dollars in damages, after protests halted plans for Europe’s largest gold mine.
Hydro-Québec plans to invest in Romania
29-Mar-2019 Energy Industry Review
Hydro-Québec is a Canadian company producing and distributing electricity and one of the largest energy producers in the world.
Sued for existing – ancient Romanian town on the frontline of the battle against ISDS
6-Feb-2019 Stop ISDS
Today, the 6th of February 2019, the Romanian town of Roşia Montană celebrates its 1888th year of existence. Over the past 20 years, residents have fought against a proposed multi-billion dollar mining project.
Want to sue Venezuela for millions? These firms can help, for a price
21-Dec-2018 Reuters
Investment funds backing a slew of big-dollar corporate lawsuits has boomed over the past decade, fueled by favorable court rulings and investors seeking juicy returns.
Romania completes ratification of Armenia-EU CEPA
14-Oct-2018 Armenpress
The Romanian parliament has finalized the ratification of the European Union – Armenia CEPA which was signed on November 24, 2017 in Brussels, Armenia’s Ambassador to Romania Sergey Minasyan said on Facebook.
Romanian Unesco site proposal may be halted to allow gold mining
1-Sep-2017 The Guardian
Romania’s prime minister has suggested his government will withdraw an application to have the Roman gold-mining area of Roșia Montană declared a Unesco world heritage site, potentially reviving controversial plans to resume mining.
Gabriel: you can always ask but it doesn’t mean we will let you get it!
3-Jul-2017 Alburnus Maior
With Gabriel Resources seeking US$4.4 billion in damages, Alburnus Maior, a prospective amicus curiae in the arbitration case, announces that it aims to file its brief to the ICSID Tribunal until September 2018 at the latest.
Canada’s Gabriel Resources to seek $4.4 bln in damages from Romania
30-Jun-2017 Reuters
Gabriel Resources Ltd will seek $4.4 billion in damages from Romania for losses related to its long-stalled Rosia Montana gold mine project in a claim that the Canadian miner plans to file with a World Bank Tribunal.
Romania - the end of intra-EU bilateral investment treaties
24-Mar-2017 Lexology
The law approving the termination of agreements on mutual promotion and protection of investments concluded by Romania with other Member States (Intra-EU BITs) was published in the Official Gazette.
Green light for Romania to terminate its intra-EU bilateral investment treaties
15-Mar-2017 Kluwer Arbitration Blog
The Romanian Parliament sent to the Romanian President for promulgation the Law allowing for the termination of the Bilateral Investment Treaties between Romania and other Member States of the European Union.
Romania seeks World Heritage status for Transylvania village in gold mine row
7-Jan-2017 Reuters
Romania has asked the United Nations to make a Transylvanian village boasting 18th century houses and intact Roman mining shafts into a World Heritage site in move that could protect it from a gold mine project.
When you thought trade deals could not get any worse — enter Wall Street
19-Dec-2016 Sierra Club
What connects two proposed gold mines, one in the high-altitude wetlands of Colombia and one in the Carpathian Mountains of Romania?
Row over Romania’s land of Dracula and gold spills onto new international stage
10-Nov-2016 Reuters
A battle over plans to build a huge gold mine in Rosia Montana, a Romanian village boasting intact Roman mining shafts and 18th century houses, has moved to an international stage.