ICSID Tribunal Rejects U.S., U.K. Shipping Companies’ Claims Against Albania

( February 24, 2025, 10:45 AM EST) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Feb. 21 published a tribunal’s award in which it found jurisdiction over the claims of three out of four shipping companies that had accused Albania of harming their investments in an Albanian port but rejected all claims on the merits, ordering the claimants to pay Albania $370,542.55 and 1,583,512 euros in attorney fees and arbitration costs....