EU & WBs / Albania Energy Investment Updates

EU & WBs / Albania Energy Investment Updates

Presentation of Albanian Centre for Energy Regulation and Conservation - ACERC

ACERC is a think tank centre with focus on the Albania energy market and its integration in the regional IEM. The Acerc mission base on the in-depth knowledge of EU and regional energy law and policy and strives to provide a qualified contribution to the promotion of the liberalization and effective integration as well as efficient use of energy resources.

Acerc
main activities briefly consists in build-up collaborations and supports to market players in study researches such as the certificate reports, articles and periodicals. The transfer of high expertise through building-up institutional capacities by national and regional training courses, seminars and conferences. The institutional representation and integration within framework of the forum of Albanian School of Regulation.

For more visit us at the Official Website of Acerc | Albanian Energy Market - AEM Group in LinkedIn

ICSID Centre for Settlement of Inv : Mamidoil Jetoil Greek Petroleum Products Societe Anonyme S.A. v. Republic of Albania (ICSID Case No. ARB/11/24)

AEI Updates August 2015Posted by Adv. Lorenc Gordani, PhD Thu, August 20, 2015 19:26:37

Mamidoil Jetoil Greek Petroleum Products Societe Anonyme S.A. v. Republic of Albania (ICSID Case No. ARB/11/24 )

Subject of Dispute: Oil storage and distribution project

Economic Sector: Oil, Gas & Mining

Instrument(s) Invoked: BIT Greece - Albania 1991

Applicable Rules: ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies): Mamidoil Jetoil Greek Petroleum Products Societe Anonyme S.A. (Greek)

Respondent(s): Republic of Albania

Date registered: September 12, 2011

Composition of Tribunal

President: Rolf Knieper (German) - Appointed by the Chairman of the Administrative Council

Arbitrators: Steven A. Hammond (U.S.) - Appointed by the Claimant(s)

Yas BANIFATEMI (Iranian, French) - Appointed by the Respondent(s)

Date of Constitution of Tribunal

Constituted: March 1, 2012

Party Representatives

Claimant(s): Respondent(s):

Bahas, Gramatidis & Partners, Athens, Greece

Haxhia & Hajdari, Tirana, Albania

Luther Rechtsanwaltsgesellschaft, Hamburg, Germany

State's Advocate Office of the Republic of Albania

Derains & Gharavi, Paris, France

Language(s) of Proceeding: English

Status of Proceeding: Concluded

Outcome of Proceeding: Award rendered on March 30, 2015; attached to the award is a dissenting opinion by arbitrator Steven A. Hammond.

(b) Annulment Proceeding Applicant/Requesting Party Claimant(s)Date registered: August 3, 2015 (Claimant(s)) Composition of ad hoc Committee (Appointed by the Chairman of the Administrative Council)

President: Donald M. McRAE (Canadian, New Zealand)

Members: Doug Jones (Australian, Irish)

August REINISCH (Austrian)

Date of Constitution of ad hoc Committee

Constituted: August 19, 2015

Party Representatives

Claimant(s): Respondent(s):

Freshfields Bruckhaus Deringer, Paris, France

State's Advocate Office of the Republic of Albania

Status of Proceeding: Pending (ad hoc Committee recently constituted)



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