Respondent’s Comments on the Applicants’ Request for Continuation

Opening of the document

INTERNATIONAL CENTRE FOR THE SETTLEMENT OF INVESTMENT DISPUTES GABRIEL RESOURCES LTD. AND GABRIEL RESOURCES (JERSEY) LTD. ICSID CASE NO. ARB/15/31 – ANNULMENT RESPONDENT’S COMMENTS ON APPLICANTS’ REQUEST FOR CONTINUATION OF STAY OF ENFORCEMENT Gabriel Resources et al. v. Romania Comments on the Stay Request TABLE OF CONTENTS 2 THE COMMITTEE SHOULD LIFT THE STAY OF Legal Standard to Assess a Request to Stay Enforcement of The Circumstances of the Case Require Lifting the Stay of The Applicants have confirmed the existence of a high risk (if not the certainty) of non-payment of the Award The Applicants bear no risk of non-recoupment should Looking at the balance of hardships, the Stay should …