Arbitration

Bulgaria will not Pay EUR 500 Million to EVN

The arbitration case brought by EVN against Bulgaria at the International Center for Settlement of Investment Disputes (ICSID) at the World Bank in Washington is over, writes Capital.

The decision has not yet been published, but the Austrian firm has announced that it will not be paid the damages sought, which, according to unofficial information, was about 500 million euros.

Taxpayers appeal taxes and fines

In a toxic environment of overtaxation, increasing numbers of taxpayers and enterprises are disputing taxes and fines imposed on them by the authorities.

In several cases some tax officers are known to have stretched the legislation beyond its limits and imposed high fines, while for similar cases other tax officers have issued very small fines.

Eldorado arbitration period on Skouries extended

Canadian mining firm Eldorado Gold provided an update on the arbitration process with the Greek government on the Skouries gold mines in central Macedonia on Tuesday, confirming at the request of the arbitral panel that a 90-day arbitration period has been extended by 60 days.

It will now end on April 6.

[Reuters]

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