Ioan Micula, Viorel Micula, S.C. European Food S.A, S.C. Starmill S.R.L. and S.C. Multipack S.R.L. v. Romania, ICSID Case No. ARB/05/20, Claimant Application for Annulment of European Commission Decision Suspending Execution of Award (September 2, 2014)

Published:

September, 2014

Jurisdictions:

Romania

Practice Areas:

Investment Disputes,

BITS,

ICSID,

Appeal to Arbitral Tribunal and Annulment,

Statement of Claim and Defense/ Counterclaims/ Set-Offs

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Description:

Language of the case: English

Parties

Applicants: Ioan Micula (Oradea, Romania); S.C. European Food SA (Drăgăneşti Romania); S.C. Starmill Srl (Drăgăneşti); S.C. Multipack Srl (Drăgăneşti); Viorel Micula (Oradea) (represented by: K. Hobér, J. Ragnwaldh, T. Pettersson, E. Gaillard and Y. Banifatemi, lawyers)

Defendant: European Commission

Form of order sought

The applicants claim that the Court should:

— annul the decision C(2014) 3192 final of 26 May 2014 issued in Case State aid SA.38517 (2014/NN) — Micula v Romania (ICSID arbitration award) ordering Romania to suspend any action which may lead to the execution or implementation of the award of 11 December 2013 rendered by an Arbitral Tribunal established under the auspices of the International Centre for Settlement of Investment Disputes in the case Ioan Micula, Viorel Micula and others v. Romania (ICSID Case No. ARB/05/20), as the Commission considers that the execution of the award constitutes unlawful State aid, until the Commission has taken a final decision on the compatibility of that State aid with the internal market;

— award the applicants the costs of the action.