Canadian Dairy Investor Loses Bid To Annul Dismissal Of 87M Euro Claim

Mealey's ( June 23, 2026, 12:59 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on June 22 published an ad hoc committee’s decision dismissing a Canadian investor’s application for annulment of a split tribunal’s refusal to award him damages for the loss of indirect holdings in Serbia allegedly worth 87.5 million euros, finding that the tribunal properly explained its reasoning and did not exceed its powers and ordering the investor to pay Serbia’s attorney fees and the arbitration costs....