ICSID - International Centre for Settlement of Investment Disputes

04/14/2026 | Press release | Distributed by Public on 04/15/2026 08:33

Forty Management AG v. Romania (ICSID Case No. ARB/26/16)

Forty Management AG v. Romania (ICSID Case No. ARB/26/16)

  • Subject of Dispute:
    Real Estate Development
  • Economic Sector:
    Construction
  • Instrument(s) Invoked: (i)
    BIT Romania - Switzerland 1993
  • Applicable Rules:
    ICSID Convention - Arbitration Rules

(a) Original Proceeding

  • Claimant(s)/Nationality(ies): (i)
    Forty Management AG (Swiss)
  • Respondent(s):
    Romania (Romanian)
  • Date Registered:
    April 14, 2026

  • Party Representatives

  • Claimant(s):
    Schönherr Rechtsanwälte GmbH, Vienna, Austria
    Daniel F. Visoiu, Esq., Florida, U.S.A.
  • Respondent(s):
    Office of the Romanian Government, Bucharest, Romania
    Ministry of Finance, Bucharest, Romania
    National Bank of Romania, Bucharest, Romania
  • Status of Proceeding:
    Pending
  • Latest Development:
    April 14, 2026 - The Acting Secretary-General registers a request for the institution of arbitration proceedings.

No References Available.

(a) Original Proceeding

Date Development
April 14, 2026

The Acting Secretary-General registers a request for the institution of arbitration proceedings.

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