Counsel’s client granted suspension of criminal and extradition proceedings by ICSID

On 4 March 2016, international legal counsel and a Doughty Street Associate Tenant, Andrea Saccucci, along with an international team of lawyers, obtained a remarkable legal victory in the case Hydro Srl, Costruzioni Srl, Francesco Becchetti, Mauro de Renzis, Stefania Grigolon and Liliana Condomitti v Albania (ICSID Case No ARB/15/28).

 

In a landmark decision, the International Centre for Settlement of Investment Disputes (“ICSID”) upheld the request for suspension of the criminal and the extradition proceedings against two of the Claimants in the case, Mr Becchetti and Mauro de Renzi. Prior to this decision, no ICSID tribunal has ever been reported to recommend the suspension of extradition proceedings. In addition, the Tribunal also recommended that the parties come to an agreement on the preservation of the Claimants’ assets (which have been seized by Albania) for the duration of the arbitration.

 

Claimants brought the arbitration for violations of the Albania-Italy Bilateral Investment Treaty (“BIT”) as a result of ongoing attacks and harassment against the Claimants and their investments, which include two television stations and a hydroelectric plant. One Claimant, Hydro Srl, is also concurrently involved in an ICC arbitration arising out of Albania’s breaches of its concession agreement for the hydroelectric plant.

 

Counsels argued that, by way of retaliation against Claimants’ assertion of their rights to arbitration, Albania launched various tax investigations and criminal proceedings against certain Claimants and their local investments, seized assets located in Albania, issued arrest warrants against two of the individual Claimants and sought to obtain their extradition from the United Kingdom. 

 

Claimants maintain that the local proceedings are meritless and abusive, and look forward to a favorable result on the substance of their claims that Albania violated the BIT. 

 

For further inquiries, please contact: a.saccucci@doughtystreet.co.uk

« Back to listing

About cookies on our website

Following a revised EU directive on website cookies, each company based, or doing business, in the EU is required to notify users about the cookies used on their website.

Our site uses cookies to improve your experience of certain areas of the site and to allow the use of specific functionality like social media page sharing. You may delete and block all cookies from this site, but as a result parts of the site may not work as intended.

To find out more about what cookies are, which cookies we use on this website and how to delete and block cookies, please see our Which cookies we use page.

Click on the button below to accept the use of cookies on this website (this will prevent the dialogue box from appearing on future visits)