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FINAL decision from Paris/ Court of Appeal overturns Albania, Becchetti towards execution of 110 million euro FINE!

2025-12-06 13:24:05Politikë SHKRUAR NGA REDAKSIA VOX
Francesco Becchetti/ Edi Rama

The Court of Appeal in Paris has rejected Albania's request to annul the ICSID international arbitration decision, which obliges the state to pay 110 million euros to Italian investor Francesco Becchetti .

Albania had argued that the ICSID decision was made in violation of procedural rules and that the panel had exceeded its powers, requesting that it be declared invalid.

But the French court found that these claims were unfounded and that the arbitration process had been conducted in accordance with international standards.

This final decision makes the financial penalty against Albania enforceable, constituting a significant loss for the state in the field of international arbitration.

The case highlights deep concerns about the legal certainty of contracts, the way relations with foreign investors are managed, and the protection of the public interest in the negotiation of such agreements.

In addition to the high financial cost, the issue is also expected to affect the international perception of the investment climate in Albania.

The Paris Appeal only overturns previous arbitration awards in exceptional cases, which indicates that the standard of review is extremely high and the chances of changing them are minimal.

Why was Albania fined? 

The case began with the actions of Albanian authorities against Francesco Becchetti's businesses during 2014-2015, which included asset seizures, account blocking, criminal proceedings, and the closure of Agon Channel.

The Italian investor claimed that the state had intervened unfairly and disproportionately, violating the bilateral investment protection agreement between Albania and Italy.

The ICSID tribunal concluded that these actions constituted unfair treatment and breach of contractual obligations, ruling in Becchetti's favor and forcing Albania to pay 110 million euros.

The Albanian government's efforts to annul the decision, initially at the ICSID Annulment Commission and then at the Court of Appeal in Paris, failed, after international bodies found that the procedures had been respected and that there were no violations justifying the annulment.

This decision makes the award fully enforceable and represents one of Albania's biggest losses in international arbitration./ skyweb


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