Contributor Page
Tuca Zbârcea & Asociatii
Email  |  Articles
Contact Details
Tel: +40 21 204 88 90
Fax: +40 21 204 88 99
Victoriei Square, 4-8 Nicolae Titulescu Ave.
America House, West Wing, 8th Floor
Sector 1
Disputes in Romania are settled in court in the vast majority of cases, under procedures regulated mainly by the new Civil Procedure Code ('the CPC').
By Alina Nicolae
The Romanian State scored a major arbitration victory before the International Center for Settlement of Investment Disputes (ICSID) within the World Bank in Washington. Noble Ventures, Inc. submitted its claim under the bilateral investment treaty between the United States and Romania to arbitration under the ICSID Convention in August 2001. Noble Ventures` claimed as much as USD 353 million in damages from Romania, challenging Romania’s treatment of Noble Ventures and its investment in Combin