News | 11 March 2024

LALIVE defeats multibillion mining claim against Romania

The firm is proud to have represented Romania against Canadian miner Gabriel Resources, defeating the largest investment treaty claim ever against Romania, saving the State USD 6.7 billion in damages and securing a substantial cost award. Congratulations to the LALIVE team including partners Veijo Heiskanen, Matthias Scherer,  Lorraine de Germiny and Noradèle Radjai, and to the LDDP team in Bucharest, including partners Crenguta Leaua, Stefan Deaconu, Liliana Deaconescu and Corina Tanase and of counsel Andreea Simulescu.

For more information see the press releases from Associated Press and GAR.

Read the award here: https://icsidfiles.worldbank.org/icsid/ICSIDBLOBS/OnlineAwards/C4706/DS19558_En.pdf

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