On 19 February 2020, in Micula and Ors v Romania, the Supreme Court held that the Micula parties can enforce a 2013 ICSID Arbitration Award against Romania despite longstanding objections from Romania and the European Commission.
This is a highly significant decision, in which the Supreme Court reversed the decision of the Court of Appeal, lifting a stay on enforcement of the ICSID Award in the United Kingdom and allowing enforcement to take place.
4 New Square’s Jonathan Worboys acted as junior counsel to Mr V Micula (the First Claimant), instructed by Croft Solicitors and led by Sir Alan Dashwood QC and Patrick Green QC of Henderson Chambers.
A copy of The Supreme Court judgment can be found here.
