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24 October 2018 The on-line newspaper devoted to the world of transports 06:43 GMT+2

October 6, 2017

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Original news
the International Court of Arbitrateed of ICC the sentence Greece to reimburse the Hellenic Shipyards

the sentence establishes that the damages pile to beyond
200 million euros
the navalmeccanico group Middle Eastern Privinvest, that it has center to Beirut, in Lebanese, has announced that the Arbitrateed International Court of the International Chamber of Commerce (ICC) has emitted one sentence that sentence the Greek Republic to the compensation of damages for beyond 200 million euros regarding the Hellenic Shipyards, Greek shipbuilding society that at the end of 2010 is passed under the control of the Privinvest.

the demand for arbitrateed advanced era from the Privinvest in june 2016 denouncing illicit initiatives of the government of Athens in confronts of the current property of Hellenic Shipyards and that precedence, between which a demand for payment of 300 million euros from OSE IT KNOWS, a controlled state organism from the Ministry of Finances, the prohibition to work for foreign Navies and the block of the payments of intense activities contrattualizzati in the within of the plans Archimedes and Nettuno for the construction of submarines. Successively analogous demand for arbitrateed introduced era from the Greek Republic.

"Now - it has specified in a note the Middle Eastern navalmeccanico group - we expect that the Greek Republic executes previewed how much from the arbitral sentence and that you respect the contractual relations with Hellenic Shipyards. Obviously - it has specified Privinvest - we will get ahead our assertions against the Greek Republic within an arbitrateed other near the ICC started successively from the Greek Republic and that one refers to the same argument. Our shareholders, from part they, have demanded arbitrateing against the Greek Republic near Centro Internazionale for the Resolution of the relative Controversies to Investments (ICSID) based on the bilateral treaty for the investments applicable".

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