Case Details

Starcom Holding AD and others v. Romania (ICSID Case No. ARB/25/51)

Claimant(s)/Nationality(ies):

Starcom Holding AD (Bulgarian), Eurohold Bulgaria AD (Bulgarian), Euroins Insurance Group AD (Bulgarian), Assen Milkov Christov (Bulgarian), Kiril Ivanov Boshov (Bulgarian)
Respondent(s):

Romania (Romanian), (nationality not available)
Date Registered:

November 24, 2025
Date of Constitution of Tribunal:

April 29, 2026

President:

Bernardo M. CREMADES (Spanish) - Appointed by Co-Arbitrators
Arbitrators:

Charles PONCET (Swiss) - Appointed by the Claimant(s)
Alexis MOURRE (French) - Appointed by the Respondent(s)

Claimant(s):

Pinsent Masons, London, U.K.
Djingov, Gouginski, Kyutchukov & Velichkov, Sofia, Bulgaria
CMS Cameron McKenna Nabarro Olswang, Bucharest, Romania
Respondent(s):

Mușat & Asociatii, Bucharest, Romania
Anna De Luca, Milan, Italy
Chloe Carswell, U.K.
Lucas Bastin, London, U.K.
Lucian Ilie, London, U.K.
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

June 26, 2026 - The Tribunal issues Procedural Order No. 1 concerning procedural matters.

No References Available.

Date	Development
November 24, 2025	The Secretary-General registers a request for the institution of arbitration proceedings.
February 13, 2026	Following appointment by the Respondent, Alexis Mourre (French) accepts his appointments as arbitrator.
February 18, 2026	Following appointment by the Claimants, Charles Poncet (Swiss) accepts his appointments as arbitrator.
April 28, 2026	Following appointment by his co-arbitrators pursuant to the parties’ agreement, Bernardo M. Cremades (Spanish) accepts his appointment as presiding arbitrator.
April 29, 2026	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Bernardo M. Cremades (Spanish), President, appointed by his co-arbitrators pursuant to the parties’ agreement; Charles Poncet (Swiss), appointed by the Claimants; and Alexis Mourre (French), appointed by the Respondent.
June 19, 2026	The Tribunal holds a first session by video conference.
June 26, 2026	The Tribunal issues Procedural Order No. 1 concerning procedural matters.