Albania Must Pay $125M In Claim Over TV Station

By Caroline Simson (June 19, 2019, 7:33 PM EDT) -- An international tribunal has ordered Albania to pay an Italian businessman and several co-claimants €111 million ($124.6 million) for expropriating their investments in a television station.

Counsel for Francesco Becchetti and his co-claimants confirmed that an International Centre for Settlement of Investment Disputes tribunal had issued the award on April 24 after concluding that Albania had destroyed the claimants' investment in a television company called Agonset Shpk. Becchetti's co-claimants include business partner Mauro de Renzis and two Italian companies: Hydro Srl, formed to operate a hydroelectric dam in Albania, and the Italian construction company Costruzioni Srl.

Local media reports had indicated...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!