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Investment treaty awardUnpaid

MOL v. Croatia

INA shareholder agreements and the gas business

Headline amount
$183.9MPrincipal
Respondent
CroatiaState
Awarded
2022
Status
UnpaidNothing collected

Latest development Mar 5, 2026

The D.D.C. granted MOL summary judgment.

The award

Amount awarded
$183.9M plus interest and costs
Current estimate
About $261M (GAR)
Award holder
MOL Hungarian Oil and Gas Plc
Respondent
Republic of Croatia
Forum
ICSID ARB/13/32 · ECT

Challenges

Not reported.

Enforcement

United States: the D.D.C. (23-cv-218) rejected Croatia’s immunity defense on April 16, 2025, and granted MOL summary judgment on March 5, 2026, rejecting EU-law and state-aid defenses. Final judgment not verified.

Recovered to date

None