Squire Patton Boggs has been appointed to represent the Slovak Republic in an ICSID arbitration dispute brought by EuroGas Inc. and Belmont Resources Inc., relating to a claim of lost investments allegedly resulting from the Slovak Republic’s withdrawal of rights to the talc mining area in Gemerska Poloma in 2005. The claim alleges a breach of the Treaty between the US and the Czech and Slovak Federal Republic, which concerns the Reciprocal Encouragement and Protection of Investment, and the Agreement between Canada and the Slovak Republic for the Promotion and Protection of Investments.
The Squire Patton Boggs team representing the Slovak Republic is led by Stephen Anway (New York and Washington DC), George von Mehren and Alexis Martinez (London), David Alexander (Columbus), Rostislav Pekař and Maria Lokajova (Prague), and Tatiana Prokopova and Lenka Abelovská (Bratislava).
Squire Patton Boggs has previously acted for the Slovak Republic. In May 2014, the firm won a significant international arbitration for the Slovak Republic against Dutch company Achmea B.V (shareholder of UNION health insurance company Inc.), which led to the dismissal of all of Achmea’s claims and required the company to pay EUR 1.011 million in legal costs to the Slovak Republic, as well as tribunal costs of over EUR 340,000.
Squire Patton Boggs has been recognized as one of the top 100 international arbitration firms in the world by leading industry journal Global Arbitration Review (GAR) and was nominated for “Large International Arbitration Practice that Impressed in the Past Year” in the field of international arbitration in 2014.
A leader in bilateral investment treaty arbitration, the most important frontier of international law, Squire Patton Boggs has participated in high-profile treaty cases including those involving energy, banking and monetary regulation, the health care sector, electrical generation and mining.