Clash between the Länder of Mecklenburg-Pomerania and Genting HK over the future of the MV Werften shipyard
The Chinese group takes legal action to immediately obtain a loan of 78 million euros
January 3, 2022
The sum is a loan that in recent days the government and the Finance Committee of the Mecklenburg-Pomeranian Parliament agreed to grant Genting Hong Kong within the framework of the measures to support the state economy provided that the government Federal and the Chinese group agree on further support economic to the shipyard of Wismar, an understanding that so far is not has been reached.
Genting HK broke the deadlock and decided to take action legal to obtain these funds. A decision that upset the counterparty. However, the two ministries pointed out that a a negotiated solution is still a priority for the State and confirmed that negotiations will continue in the next few years days.
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