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Lucia Raimanova



Raimanova Lucia
Lucia Raimanova



Lucia is a solicitor-advocate of England & Wales and a Partner in Allen & Overy’s International Arbitration Group. Before relocating to Bratislava in 2016 to lead the firm’s arbitration practice within Central and Eastern Europe, Lucia practised with the firm for ten years in London and was also seconded to the firm’s Hong Kong and Moscow offices. Prior to joining Allen & Overy, Lucia was engaged by the World Bank as an advisor to the Slovak Government.

Lucia’s extensive experience in international commercial and investment treaty arbitration includes disputes arising out of various bilateral investment treaties, the Energy Charter Treaty as well as commercial contracts (e.g. production sharing contracts, loan agreements, EPC contracts, EFET contracts, licensing and distributorship agreements, shareholders’ agreements, insurance policies and bespoke structured finance products), spans various jurisdictions (e.g. England, Australia, Austria, Azerbaijan, Bosnia & Herzegovina, Croatia, Ghana, Hong Kong, India, Iran, Pakistan, Romania, Russia, Senegal, Serbia, Singapore, Slovakia, Slovenia, South Korea, Tanzania, The Netherlands, UAE, USA) and sectors (e.g. oil & gas, banking, construction, brands licensing, TMT, intelligence services, aluminium, aviation, water and sewerage utilities). She also has experience of litigation before the English and Indian courts. She also sits as arbitrator.

Lucia currently serves on the Board of the Vienna International Arbitral Centre (‘VIAC’). She is also on the roster of arbitrators of several arbitral institutions, and is a member of a number of professional associations, including the Chartered Institute of Arbitrators in London. She has been repeatedly named by Who’s Who Legal as a Future Leader in International Arbitration, ranked by The Legal 500 among Rising Stars, and recognised in Thomson Reuters SuperLawyers as a “Rising Star” in Commercial Litigation. Lucia also has a Diploma in International Arbitration with Distinction from Queen Mary College, University of London.

Lucia’s recent experience in investment treaty matters includes successfully defending the Islamic Republic of Pakistan in two UNCITRAL arbitrations brought by Mr Ali Allawi and the Progas group of companies. She is currently acting, amongst others, for UniCredit Bank Austria A.G. and Zagrebačka banka d.d. in an ICSID proceeding against the Republic of Croatia. She also regularly advises clients on structuring investments, drafting investment agreements, aspects of sovereign immunity, privileges and immunities of international organisations and other aspects of public international law such as succession of States. She has also been called upon to advise on revisions to arbitration laws and rules.

Lucia has also represented clients in numerous commercial arbitration proceedings seated in both civil and common law jurisdictions (e.g. London, Paris, Seoul, Singapore, Vienna, Warsaw, Zurich) and under all the major arbitration rules (e.g. CIArb, ICC, LCIA, SIAC, UNCITRAL, VIAC). Her experience includes representing BG Exploration and Production India Limited (now part of the Shell Group) and Reliance Industries Limited in UNCITRAL arbitration proceedings arising out of two production sharing contracts against the Union of India, with the value in dispute exceeding several billion dollars. As part of this instruction, Lucia helped to secure two important judgments from the Supreme Court of India, which clarified the status of arbitral agreements signed before the landmark Balco decision.

Lucia is a Slovak national and is fluent in Slovak, English, German and Czech and can read Russian.

Other noteworthy experience includes advising:

  • Zero Bypass Limited against the Slovak Republic in an ongoing ICC arbitration seated in Vienna relating to a major road infrastructure project.
  • UniCredit Bank Austria A.G. and Zagrebačka banka d.d. in an ongoing ICSID proceeding against the Republic of Croatia.
  • BG Exploration and Production India Ltd (now part of the Shell Group) and Reliance Industries Ltd in ongoing London-seated UNCITRAL arbitration proceedings against the Union of India, with the value in dispute exceeding USD 5 billion, and also advising them in related court proceedings.
  • The Islamic Republic of Pakistan in two consolidated London-seated UNCITRAL arbitration proceedings (and related court proceedings) valued in excess of USD 500 million brought by Dr Ali Allawi and Progas Energy Ltd, Progas Holdings Ltd and Sheffield Engineering Company Ltd under the UK-Pakistan BIT and Mauritius-Pakistan BIT, respectively. All claims were dismissed and Pakistan was awarded almost all of its costs.
  • The Islamic Republic of Pakistan in a London-seated CIArb arbitration brought by Broadsheet LLC, valued in excess of USD 300 million. Pakistan was ordered to pay only 7% of the damages sought.
  • The Republic of Azerbaijan in two separate ICSID arbitrations brought by Fondel Metal Participations B.V. and Azpetrol International Holdings B.V. and others, respectively. Both cases settled without payment or admission of liability by the Republic of Azerbaijan.
  • An Australian contractor in an ongoing multi-billion dollar Singapore-seated ICC arbitration.
  • A Romanian distributor of gas against an Austrian supplier in a London-seated LCIA arbitration relating to failed supply of gas. Our client was awarded all damages and legal costs sought.
  • A Polish branch of an international bank in a Warsaw-seated UNCITRAL arbitration concerning non-payment under a guarantee. The dispute was successfully settled.
  • A Dutch company in a London-seated ICC arbitration against a multinational company concerning the termination of a licencing agreement. Our client prevailed on liability and was awarded significant damages.

News & insights


Publications: 08 SEPTEMBER 2021

A&O contributes to the first edition of GAR’s The Guide to Evidence in International Arbitration

Global Arbitration Review has recently published the first edition of The Guide to Evidence in International Arbitration. Martin Magál, who heads A&O’s dispute resolution practice in Slovakia and in…

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Sun reflecting off high rise windows

Publications: 06 SEPTEMBER 2021

Intra-EU disputes cannot be arbitrated under the Energy Charter Treaty, says the Court of Justice of the European Union

On 2 September 2021, the Grand Chamber of the Court of Justice of the European Union (the Court) delivered its judgment in Case C-741/19, Republic of Moldova v Komstroy LLC, finding that the…

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Publications: 06 JULY 2021

Vienna International Arbitral Centre launches new investment arbitration and mediation rules

With effect from 1 July 2021, the Vienna International Arbitral Centre (the VIAC) has new specialised VIAC Rules of Investment Arbitration (Vienna Investment Arbitration Rules) and the VIAC Rules of…

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Climate ESG prudential regulation and risk management

Publications: 05 JULY 2021

Country and sustainability risk mitigation: a briefing for energy and mining investors

The transition of the global economy to align with the Paris Agreement aims and the UN Sustainable Development Goals is presenting many opportunities for energy and mining investors. However, it is…

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Allen & Overy Bratislava, s.r.o.
Eurovea Central 1, Pribinova 4

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Admitted as a solicitor, Ireland, 2019

EU registered lawyer, 2016

Admitted as solicitor-advocate, England and Wales, 2011

Admitted as solicitor, England and Wales, 2006


Diploma in International Arbitration, Distinction, Queen Mary College, University of London, 2011

LPC, Distinction, BPP Law School, London, 2003

Post Graduate Diploma in Law, Commendation, The College of Law, London, 2002

Master, Law, University of Vienna, 2000

General Course, Law, London School of Economics and Political Science, 1999

Pro-bono experience:

  • Delivering training courses on various investment treaty topics to government lawyers and academics from various African countries in Johannesburg and London, organised by Africa International Legal Awareness.
  • Representing a professional body before a disciplinary committee in two professional misconduct cases brought against one of its members.
  • Advising an international organisation on aspects of English civil procedure and tortious liability.
  • Advising litigants in person at the Battersea Legal Advice Centre in London.

Experience highlights


Published work:

  • Raimanová L., Dulovičová L. (2018), “The Implications of Brexit for International Arbitration”, Chapter in Austrian Yearbook on International Arbitration 2018 (Klausegger et al. (ed)), pp.189-206, Vienna: MANZ’sche Verlags- und Universitätsbuchhandlung, Munich: Verlag C.H. Beck, Bern: Stämpfli Verlag
  • Stoyanov M., Sullivan J., Raimanová L. (2016 and 2017), “Multiparty Proceedings and Mass Claims”, Chapter in The Investment Treaty Arbitration Review (Barton Legum (ed)), London: Law Business Research Ltd
  • Raimanová L. (2009 and 2012), “Yukos and its Progeny”, Stockholm Arb. L. Rev. (2009:1), pp. 63-87 (also in Rubins N.D. (ed) “Investment Arbitration Decisions”, New York: Juris Publishing), Stockholm: Juris Net
  • Sinclair A., Raimanová L. (2009), “MFN Treatment and the Adjudication of Investment Disputes”, 21(2) Nat. L. Sch. Ind. L. Rev., Bangalore: NLSIU 


  • Raimanová L. (2020) “Termination of BITs: Where does this leave Slovakia?”, International Law Office, London: Law Business Research 
  • Raimanová L., Plachý P. (2017), “Current investor-state dispute settlement has reached its zenith, but where next?”, Practical Law Arbitration Blog, London: Thomson Reuters
  • Raimanová L. (2016), “Arbitrator conflicts in a global era: some reflections on the challenges in ConocoPhillips v Venezuela, as the quantum phase of the case nears its conclusion”, Practical Law Arbitration Blog, London: Thomson Reuters