UPDATE RE ARBITRATION PROCESS AGAINST ROMANIA
Summary by AI BETAClose X
Plaza Centers N.V. has received the International Centre for the Settlement of Investment Disputes Tribunal's award regarding its arbitration against Romania concerning the Casa Radio project, which by majority decision dismissed the Company's claims on jurisdictional grounds based on the Company's conduct and historical agreements. The Tribunal ordered that each party will bear its own costs for the arbitration, and Plaza Centers is currently reviewing the award and considering its next steps.
Plaza Centers N.V.
13 April 2026
April 13th, 2026
PLAZA CENTERS N.V.
UPDATE REGARDING ARBITRATIONS AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO" PROJECT
Further to its last announcement dated January 16th, 2026, Plaza Centers N.V. ("Plaza" or the "Company") announces today that, regarding the ongoing arbitration proceedings before the International Centre for the Settlement of Investment Disputes initiated by the Company in relation to the Casa Radio / Dâmbovița Center Project in Bucharest, the Company has received the Tribunal's award. The award, by majority decision, dismissed the Company's claims on jurisdictional grounds. The decision was based on findings relating to the Company's conduct and certain historical agreements referenced in the Company's public disclosures published between 2016 and 2020.
The Tribunal ordered that each party shall bear its own costs related to the arbitration.
The Company is reviewing the award, including the reasoning and the implications of the Tribunal's findings, assessing its position and considering all available options and next steps.
For further details, please contact:
Plaza
Ron Hadassi, Executive Director; 972-526-076-236
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is listed on the Main Board of the London Stock Exchange (LSE: "PLAZ"), on the Warsaw Stock Exchange (WSE: "PLZ/PLAZACNTR") and on the Tel Aviv Stock Exchange ("PLAZ").
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