More Information on the Case

OLG Frankfurt am Main, Decision dated 11 February 2021, Case No. 26 SchH 2/20

“The assignment of an investment dispute between EU Member States to an arbitral tribunal affects the autonomy of Union law if Union law may be affected by the arbitral tribunal's decision. In such cases, an arbitration agreement is invalid. In a decision published today, the Higher Regional Court of Frankfurt am Main (OLG) has therefore declared inadmissible arbitration proceedings initiated against the Republic of Croatia at the request of an Austrian and a Croatian bank.” (Unofficial translation of an excerpt from the press release of the OLG Frankfurt am Main)

Representative of Croatia-OLG proceedings

Legal Expert Opinion in Support of Croatia's motion-OLG proceedings

Representative of Croatia-UNCITRAL proceedings

Representative of Croatian and an Austrian Bank

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Further information

OLG Frankfurt am Main (Higher Regional Court Frankfurt am Main) Press Release

Frankfurter Allgemeine Zeitung

Global Arbitration Review

IA Reporter

Foley Hoag

Alexander & Partner

Other current consultancy projects in the area