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The International Court of Arbitration decides to reject 95 % of an Israeli company’s claims against CNAIR S.A. – August 2018

August 21, 2019

Mocanu si Asociatii advised and represented the National Company for Roads Infrastructure Administration S.A. in The International Arbitration initiated by Shapir Structures 1991 Ltd., on the docket of the International Court of Arbitration of the International Chamber of Commerce (ICC). Shapir Structures 1991 Ltd. submitted the request for arbitration against CNAIR S.A. in July 2015, the dispute being settled in August 2018 by means of the arbitral award, whereby the sole arbitrator dismissed 95% of the claims brought forward by Shapir Structures 1991 Ltd., granting to the latter only 5% of the value of claims requested and deriving from the FIDIC contract concluded for the rehabilitation of the National Road 18 Moisei – Iacobeni. The value of the arbitration case for which Mocanu si Asociatii advised CNAIR S.A. was of approximately EUR 15 mil.