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Thursday, February 23, 2006

Investment Arbitration Claim

From the PR Newswire:

Cypriot Investment Firm Files $10 Billion Investment Arbitration Claim Against Turkey at World Bank for Seizure of Electric Utilities

WASHINGTON, Feb. 23 /PRNewswire/ -- Cypriot investment firm Libananco Holdings Company Ltd. announced today that it has filed a US$10 billion investment arbitration claim against the Republic of Turkey for its unlawful 2003 expropriation of the assets of Cukurova Elektrik Anonim Sirketi (CEAS) and Kepez Elektrik Turk Anonim Sirketi (Kepez), two of Turkey's largest hydroelectric companies.
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1 comment:

Cagdas said...

That's a lot of mula. Whatever happened to this case?