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Romania


The Micula case: When ISDS messes with EU law
This case illustrates the risk that a Member State can be successfully sued by a company within ISDS for merely bringing its legislation or policies in line with EU legislation.
Ambassador: We can’t ratify the EU-Canada Treaty easily, Romanian businessmen must have free access like all Europeans
Romania can’t ratify the EU-Canada free trade agreement easily as long as Romanian businessmen don’t have the same free visa access to the country as other European citizens do, Romania’s Ambassador to Canada told Mediafax.
Romania loses major arbitration case
In a victory which may have major ramifications for international law, US law firm King & Spalding has won a $250 million arbitration case for Romanian company Micula against the Republic of Romania.
Mircea Toader - Suspension of free trade agreement between Moldova and Romania will poise trade balance
Suspension of the free trade agreement between Moldova and Romania on January 1, 2007, when Romania is expected to join the European Union (E.U.), will poise the trade balance between the two states, according to Mircea Toader, undersecretary of the Romanian Ministry of Economy and Commerce.
Romania to withdraw from free trade agreements
Following EU accession, Romania will gradually withdraw from all free trade agreements.
Free trade
THE idea of a Balkan General Free Trade Agreement, to replace existing bilateral free trade agreements, received support at an Athens meeting of the Association of Balkan Chambers, the Bulgarian Chamber of Commerce and Industry (BCCI) said on December 12.
Romanian lawyers won an USD 353m international arbitration case against an US investor
Romania has won at the International Court of Arbitration in Washington, the case brought by the American company Noble Ventures that contested the Romanian state actions in the privatization process of Resita Steel Plant (CSR).
Spectre of lawsuit losses hangs over Bucharest
Romania’s past treatment of foreign investors may soon come back to haunt its new government and an economic plan agreed with Brussels ahead of membership of the European Union. A World Bank arbitration panel, the Icsid, is expected to rule in coming weeks on a lawsuit seeking $350m (€270m, £180m) from the state brought by Noble Ventures, an American investment group.
Israel, Romania to jointly export duty-free goods to EU
Israel and Romania have signed an upgraded trade agreement, which will enable companies from both countries to jointly export goods to the EU, duty free.
US-Romania BIT (1994)