Albania struggle highlights investment enforcement challenges

Albania’s attempt to annul a EUR 110 million arbitral award has failed, but the enforcement battle has highlighted a growing trend for non-compliance with investment awards. Two years after winning an investor-state arbitration against Albania, a group of Italian investors has defeated an attempt to annul the award and is fighting a Europe-wide battle to enforce its payment. The group, consisting of companies Hydro and Costruzioni, and investors Liliana Condomitti, Mauro De Renzis, S