Lukoil Threatens Bulgaria with International Lawsuit Over Asset Seizure

26.02.26 12:08 Uhr

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Russian oil company Lukoil has formally accused Bulgaria of unlawfully seizing its assets in the country, signaling its intention to pursue legal action. On February 19, the Swiss-based Litasco, part of the Lukoil group and a shareholder in Lukoil Neftochim Burgas AD and Lukoil Bulgaria EOOD, submitted a notice of dispute to Bulgarian authorities, announcing that it may resort to arbitration through the International Centre for Settlement of Investment Disputes (ICSID).Litasco’s claim invokes both the bilateral investment protection agreement between Switzerland and Bulgaria and the Energy Charter Treaty....Weiter zum vollständigen Artikel bei Novinite

Quelle: Novinite

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