Dr. Ivaylo Dermendjiev discussed upcoming arbitration awards and expected judgments for Bulgaria at the Arbitration Court in Washington
In the TV show "On AIR Day" on 10.05.2017. Dr. Ivaylo Dermendjiev discussed upcoming arbitration awards and expected judgments for Bulgaria at the Arbitration Court in Washington.
We have a problem because we are dealing with the Czech Republic, Austria and Oman, Mr. Ivaylo Dermendjiev warns at Bulgaria ON AIR studio. Bulgaria may be sentenced by the Arbitration Court in Washington to pay hundreds of millions of euros in several lawsuits filed against the state. The specialist in international private law and international arbitration warned this, Mr. Ivaylo Dermendjiev in the "ON AIR Day".
"The biggest claim is from the EVN against Bulgaria under the privatization deal for EDC, amounting to about EUR 700 million, the decision on this case is expected soon." The other operator, Energo Pro, has launched a claim for EUR 52 million, which has reached 152 million euros. However, the CEZ's claimants no one can say how much they are, "he explained in the studio of Bulgaria ON AIR. According to Dr. Ivaylo Dermendjiev CEZ is waiting to get a practice on this type of dispute. He added that usually more money is needed in these cases than investors expect to receive. More at: http://www.bgonair.bg/denqt-on-air/2017-05-10/lavina-ot-prisadi-za-balgariya-v-arbitrazhniya-sad-vav-vashington