In a decision rendered on 6 July, 2012, under the Agreement between the Macedonian Government and the Swiss Federal Council on the Promotion and Reciprocal Protection of Investments, signed on 26 September 1996 (the “Treaty”) and pursuant to the ICSID Arbitration Rules, the Tribunal held that the Respondent had breached Article 4 (2) of the Treaty by failing to accord fair and equitable treatment to the Claimant’s investment, dismissed all other Claimant’s claims, and ordered the Respondent to pay € 350, 000 of the Claimant’s costs of legal representation.