1. Raiffeisenbank International AG (Austria) 2. Raiffeisenbank Austria D.D. (Croatia) v. The Republic of Croatia

An arbitration commenced pursuant to the Agreement between the Republic of Austria and the Republic of Croatia for the Promotion and Protection of Investments dated 19 February 1997.


Case information

Name(s) of Claimant(s) 1. Raiffeisenbank International AG (Austria) 2. Raiffeisenbank Austria d.d. (Croatia) (Private entity )
Name(s) of Respondent(s) The Republic of Croatia (State)
Names of Parties -
Case number 2020-15
Administering institution Permanent Court of Arbitration (PCA)
Case status Pending
Type of case Investment arbitration
Subject matter or economic sector Financial and insurance
Rules used in arbitral proceedings UNCITRAL Arbitration Rules 1976
Treaty or contract under which proceedings were commenced

[Bilateral treaty]
Agreement between the Republic of Austria and the Republic of Croatia for the promotion and protection of investments dated 19 February 1997
Country A: Austria
Country B: Croatia


Language of Proceeding English
Seat of Arbitration (by Country) Germany
Arbitrator(s)

Sir Christopher Greenwood (Presiding Arbitrator)

Professor Bernard Hanotiau

Professor Sean D. Murphy

Representatives of the Claimant(s)

Mr. Leon Kopecký

Mr. Christoph Lindinger

Mr. Sebastian Lukic

Ms. Victoria Pernt

Schoenherr Attorneys at Law

Representatives of the Respondent(s)

Ms. Sanja Dumbović Gajić

Ms. Željka Šaškor

Ms. Marijana Bertović Durović

Ms. Jadranka Osrečak

State Attorney’s Office of the Republic of Croatia

 

Mr. Constantinos Salonidis

Mr. Andrew Loewenstein

Ms. Christina Hioureas

Foley Hoag LLP

 

Mr. David Pawlak

David A. Pawlak LLC

Representatives of the Parties
Number of Arbitrators in case 3
Date of commencement of proceeding 14 February 2020
Date of issue of final award -
Length of Proceedings Pending
Additional notes -