The process of recognizing an arbitral award took 17 years and 9 months! Breach of reasonable time
JUDGMENT Iliria S.R.L. v. Albania 05.03.2024 (app. no. 31011/09) see here SUMMARY On the 3rd of September 1993 the Albanian Government was ordered to pay to the applicant company ITL 8 239 million and an annual interest rate of 13 %, a debt which the Ministry of Finance stated it would repay after obtaining a […]