Gabriel Resources, a Canadian company, has filed an appeal against a recent decision by the Washington Arbitration Court (ICSID), challenging Romania’s victory in the dispute over the Roșia Montană gold mining project. The ICSID, part of the World Bank’s settlement center, had dismissed all claims brought by Gabriel Resources, which alleged expropriation of investments and breaches of bilateral agreements by the Romanian government. The appeal cites “fatal flaws” in the tribunal’s composition, alleging lack of impartiality and inadequate disclosure of relationships among arbitrators and involved parties. Gabriel Resources seeks annulment of the decision and suspension of a USD 10 million court cost award to Romania, pending the outcome.
Source and Credit: romania-insider.com
