Arbitration Rejects Almost 600 Million Lawsuit by British Company Against Slovenia
5 Articles
5 Articles
The arbitration court at the International Center for Settlement of Investment Disputes in Washington has rejected a lawsuit by the British company Ascent Resources against Slovenia, in which it requested compensation of almost 600 million euros.
The arbitration decision is a precedent in the field of regulating the permissibility of fracking, and will certainly resonate in the international legal sphere.
The arbitration tribunal at the International Center for Settlement of Investment Disputes in Washington has rejected a lawsuit filed by the British company Ascent Resources against Slovenia and an accompanying claim for damages in the amount of almost 600 million euros, the State Attorney's Office announced. The lawsuit related to the issuance of permits for gas extraction in Petišovci.
The Attorney General of the State, Hugo César León La Faye, together with the Deputy Attorney General of Defense and Legal Representation of the State, Roger Marcelo Longaric Saucedo, reported on the favourable award obtained within the arbitral process, Case “Public Social Security Manager of Long-Term C/ Sysde Internacional Inc.”, in which the Bolivian State will obtain compensation of $3.9 million for breach of contract between the Public Adm…
The arbitration tribunal at the International Center for Settlement of Investment Disputes in Washington has rejected a lawsuit filed by the British company Ascent Resources against Slovenia and an accompanying claim for damages in the amount of almost 600 million euros, the State Attorney's Office announced. The lawsuit related to the issuance of permits for gas extraction in Petišovci.
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