An ICSID tribunal has rejected an Italian roadbuilder’s claim against Mozambique after dismissing the state’s objection that the Achmea decision precluded it from hearing a dispute under a bilateral investment treaty between an EU member state and a third country.

For more information, please see https://globalarbitrationreview.com/article/1210249/mozambique-fails-in-%E2%80%9Cextra-eu-bit%E2%80%9D-objection