Tag: arbitration

MOL will not give up managerial rights in INA – Croatia, 6 May 2016

CEO of Croatian oil company INA Zoltan Aldott said in an interview that MOL will not give up managerial rights in the company. Commercial company, such as MOL, has no reason to hold a stake in other company as a partner that can not affect business decisions. Aldott stressed that the key question in this […]

Croatia will not withdraw from an arbitration with MOL – Croatia, 3 May 2016

Croatian Prime Minister Tihomir Oreskovic said in an interview that an arbitration with MOL over managerial rights in Croatian oil company INA is running its course and Croatia will not withdraw from arbitration procedures and will start negotiations with the Hungarian oil and gas company soon. Regarding the project for the construction of LNG terminal […]

BiH is not ready for expensive arbitration with Slovenia – Bosnia and Herzegovina, 3 May 2016

Slovenian company Elektrogospodarstvo claims damages of almost 700 million euros from Bosnia and Herzegovina, namely from the Republic of Srpska and its power utility ERS, for undelivered electricity from thermal power plant Ugljevik. BiH Public Attorney’s Office stated that without additional engagement of personnel and more money it will not be able to properly respond […]