THE FUTURE OF MASS CLAIMS IN INVESTMENT ARBITRATION : THEODOROS ADAMAKOPOULOS AND OTHERS V. REPUBLIC OF CYPRUS

Through the years, mass claims have slowly gained a reputation of providing easy access to justice for those individuals who earlier could not have financed a legal representation before investment arbitration tribunals. Theodoros Adamakopoulos and others v. Republic of Cyprus is a landmark decision because it addresses any uncertainty. This case affirms that mass claims can be brought forward and administered under investment arbitration, even if the same were brought by claimants of several nationalities and/or those Claimants who relied of more than one bilateral investment treaty (BITs), and in relation to different investments. Theodoros Adamakopoulos and others v. Republic of Cyprus might be a blueprint which will allow to observe how such mass claims may be administered or managed under the International Centre for Settlement of Investment Disputes (ICSID) framework.