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The proceedings against the Republic of Croatia were conducted by Djuro Gavrilovic and his company, the TV channel N1 Croatia reported
The arbitral tribunal rendered the verdict on 26 July.
Gavrilovic initiated arbitration proceedings against Croatia's state in front of ICSID at the end of 2012, in order to protect foreign investment, and claimed damages from 198.5 million euros, basing its claim on the Foreign Investment Protection Agreement concluded by Croatia with Austria.
<img src = "http://www.rtv.rs/slike/2015/12/03/pravda-presuda-zakon-ozakonjenje-odredbe-uredbe-sud-sudnica-legalizacija-imovina-sudnica-zakonodavstvo- zalba_660x330.jpg "border =" 0 "alt =" justice judgment law legalization ordinance "The Arbitral Tribunal has established that the investment of Gure Gavrilović, which consisted of the purchase of five companies of the & # 39; 39, former company "Gavrilović" during bankruptcy, enjoys the right to protection based on the Washington Convention and the Washington Convention. investment protection agreement concluded between the Republic of Croatia and the Republic of Austria ", said the company, signed by Guro Gavrilović.
It is also stated that" the investment was made in accordance with the Applicable Laws and Irregularity The complaint lodged by the Republic of Croatia during the proceedings can only be brought to the notice of the State and its competent bodies by Đuri Gavrilović.
After 25 years of unsuccessful attempts to protect their rights before the competent bodies of the Republic of Croatia, "Gavrilović" and Guro Gavrilović see this verdict "mainly as a confirmation of their efforts to prove the unlawful behavior of the Republic of Croatia and its organs, and the legitimacy of aganja ", he says in a statement
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