Final settlement of the Mytilineos claim against the Serbian government
- Written by E.Tsiliopoulos
The final settlement of the $ 40 million compensation that derived from the award awarded by the International Arbitral Tribunal on RTB-BOR was signed on Tuesday by the MYTILINEOS representative and the Serbian government, in particular the Minister of Economy, Mr. Goran Knezevic, and the Minister of Mining and Energy, Mr. Aleksandar Antić.
The Serbian government has proposed and MYTILINEOS has accepted, that
the compensation is to be paid in four quarterly installments interest free of charge last in December 2018.
In this way, the two parties have finally solved a 15-year issue and created all the prerequisites for MYTILINEOS investments to return shortly to Serbian market.
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