Anaklia Development Consortium and the main foreign investor filed an arbitration lawsuit against Georgia.
As it became known during today’s press conference, Bob Meyer, one of the main investors, and Anaklia Development Consortium filed an independent arbitration lawsuit against Georgian on July 29.
The plaintiffs tag the decision of the Georgian government about termination of the contract as illegal and demand restitution of their rights. According to their statement, the demand exceeds 1 billion USD and comprises losses of Consortium and Meyer.
The Georgian government officially terminated contract with Anaklia Development Consortium on January 9, 2020.
See all the news
Update on Shuakhevi HPP
Turkey to open doors to 31 countries for health tourism
Statement by Andrius Kubilius on the EU assistance for Georgia
Wine sales have increased 5 times in the UK - Georgian-British startup
S&P: Georgia Heads Toward Recession
Gurian Tea "Gamarjoba" will Appear on the Market from September
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
www.stopcov.ge is accessible in minority languages
How will Nenskra HPP Reduce the Electricity Import?
Wizz Air suspends all flights from Georgia to Europe except Budapest
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Iranian MP infected with coronavirus dies
Georgian brand Entrée enters the UK market and opens its first facility in London
The first Swiss-Georgian VET college will soon be open in Dmanisi
EBRD reviewed the concept of Tbilisi Metro Project