Litasco a indiqué avoir adressé une notification officielle aux autorités bulgares en vue d’engager une procédure d’arbitrage international destinée à régler un différend lié à ses investissements.
Swiss-based Litasco, the international supply and trading arm of Russia’s Lukoil, may initiate arbitration proceedings against Bulgaria after the country transferred the management of Lukoil’s local subsidiaries to a special administrator.
The European Commission has opened an in-depth investigation to assess whether an arbitration award, in which Bulgaria is ordered to pay compensation to ACF for changes to a renewable electricity support measure, is in line with EU State aid rules.
The International Center for Settlement of Investment Disputes in Washington rejected the Romanian government’s request to terminate the arbitration case filed by the Bulgarian group Eurohold and its insurance arm Euroins Insurance Group.
Eurohold Bulgaria AD and Euroins Insurance Group AD said they have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes in Washington, DC.
La compagnie d’assurance bulgare Euroins Insurance Group (EIG) et sa société mère Eurohold ont officiellement déposé une demande d’arbitrage de 500 millions d’euros contre le gouvernement roumain.
Nexo AG et ses filiales ont déposé une demande d’arbitrage devant le CIRDI pour plus de 3 milliards de dollars contre la République de Bulgarie pour des dommages et des pertes d’opportunités.
Oman’s sovereign wealth fund has withdrawn an 80 million euro claim against Bulgaria over the collapse of Corporate Commercial Bank (Corpbank), the Bulgarian finance ministry said.
EVN and Bulgaria reached an out-of-court settlement, under which part of the claims regarding the remuneration obligations for renewable energy were offset between a Bulgarian EVN subsidiary and the Bulgarian state-owned National Electricity Company.