( October 27, 2025, 10:18 AM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Oct. 24 published a tribunal’s order upholding Romania’s objection to ancillary claims brought against it by two Bulgarian companies and denying Romania’s objections that the arbitration claims are manifestly without merit, but also ordering bifurcation to address Romania’s contention that it lacks jurisdiction because the Bulgaria-Romania bilateral investment treaty (BIT) is no longer active....