Case Details

Nexo AG, NDS EOOD and Mirastar EOOD v. Republic of Bulgaria (ICSID Case No. ARB/24/2)

Subject of Dispute:

Financial services
Economic Sector:

Finance
Instrument(s) Invoked:

BIT Switzerland - Bulgaria 1991
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Nexo AG (Swiss), NDS EOOD (Bulgarian), Mirastar EOOD (Bulgarian)
Respondent(s):

Republic of Bulgaria (Bulgarian)
Date Registered:

January 18, 2024

Party Representatives

Claimant(s):

Pillsbury Winthrop Shaw Pittman, London, U.K.
Respondent(s):

Litigation Department
International Arbitration and Procedures Division
Ministry of Finance, Sofia, Bulgaria
Office of the Prosecutor General, Sofia, Bulgaria
Status of Proceeding:

Pending
Latest Development:

May 2, 2024 - Following appointment by the Respondent, Brigitte Stern (French) accepts her appointment as arbitrator.

No References Available.

(a) Original Proceeding

Date	Development
January 18, 2024	The Secretary-General registers a request for the institution of arbitration proceedings.
April 29, 2024	Following appointment by the Claimants, Michael Pryles (Australian/Austrian) accepts his appointment as arbitrator.
May 2, 2024	Following appointment by the Respondent, Brigitte Stern (French) accepts her appointment as arbitrator.