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The Litigation Daily doesn’t report much on the rulings coming out of the World Bank’s International Centre for Settlement of Investment Disputes. The unwieldy name alone tends to discourage us. But an award recently handed down for Romania and its lawyers at White & Case in a corruption case was too interesting to pass up. The matter revolved around allegations made by a U.K. company called EDF (Services) Limited that provided duty-free services to Romania’s airports and its national airline. EDF claimed that it was denied a 10-year contract extension because it didn’t play ball when representatives for the country’s former prime minister asked the company for $2.5 million in bribes in 2001. EDF made claims under the Romania-United Kingdom bilateral investment treaty, and sought about $130 million from Romania at the ICS. A three-member tribunal rejected EDF’s claims and awarded Romania $6 million in costs. The decision, available here, followed an evidentiary hearing last September. In an earlier decision, the panel found that an audio recording of the alleged bribe was not credible. “The arbitral award vindicated the reasonableness of the state-owned companies’ decision not to renew the agreements with EDF, and found claimant’s proffered proof of corruption to be fundamentally lacking and not credible,” said White & Case attorney Darryl Lew. Lew was joined by White & Case attorneys Abby Cohen Smutny and Francis Vasquez Jr. Christoph Liebscher of Wolf Theiss in Austria, an attorney for EDF, did not immediately return our call.

This article first appeared on The Am Law Litigation Daily blog on AmericanLawyer.com.

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