B3 Croatian Courier Coöperatief UA v Croatia, Award, ICSID Case No ARB/15/5, IIC 1721 (2019), despatched 5th April 2019, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

1. The present dispute has been submitted to arbitration under the auspices of the International Centre for Settlement of Investment Disputes (“ICSID” or “the Centre”) on the basis of Article 9 of the Agreement on Encouragement and Reciprocal Protection of Investments between the Republic of Croatia and the Kingdom of the Netherlands, which entered into force on 1 June 1999 (the “BIT” or the “Treaty”).1 2. Claimant is B3 Croatian Courier Coöperatief U.A. (“B3 Courier” or “Claimant”), a cooperative incorporated under the laws of the Netherlands, with its registered...