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Part 2
which they say is "at the expense of US geopolitical and business interests." In this context, American politicians draw attention to the issue of "Frontera" and note that the company, which has invested $ 500 million in the country, is threatened with expulsion from Georgia. In addition, the letter refers to the "Conti Group", "which was expelled from the port of Anaklia."
However, the letter states that along with the expulsion of legitimate businesses, illegal trade is taking place.
"Georgian businesses and the Georgian financial system have been known for years to sanction US officials as an opportunity for Iran to bypass US sanctions since 2013, when our authorities learned that three Iranian businessmen had run a small banking institution in Tbilisi. "They took it and used it to transfer money and other activities, such as exchanging money, for companies on the Black Sea coast and even for airlines themselves. The country's western orientation and ports make Georgia an ideal target for Iran," the letter said.
The Prime Minister - No international, or registered companies from our friends and strategic partners with whom we have won a dispute in arbitration will not be able to jeopardize strategic relations between the countries.
The Prime Minister - No international, or registered companies from our friends and strategic partners with whom we have won a dispute in arbitration will not be able to jeopardize strategic relations between the countries.
No international or our friends and strategic partners registered companies, with whom the arbitration dispute has been won, not a single case of strategic relations will not risk failing, - Prime Minister George Gakharia said, which responded to the American congressmen and senators in a letter, whi The authors of Georgia in the US companies and businesses are concerned about harassment.
According to the Prime Minister, Georgia is a country that has deepened its cooperation with the Euro-Atlantic in the last 5 years.
As he noted, the relations between Georgia and NATO are at a level that has never been before.
"The only fact from this letter is that a specific company was defeated in a specific arbitration process as a result of a specific arbitration process. Ultimately it is behind all this. No international company or companies registered with our friends and strategic partners with whom we have already won a dispute in arbitration can in any case jeopardize strategic relations between the countries, nor can these irresponsible domestic politicians and the opposition try to use it in any way. Because Georgia is a country that has deepened its cooperation with the Euro-Atlantic in the last 5 years. Cooperation with our NATO today is at a level that has never been before. We in Afghanistan today are represented in a way that is not represented in any of the Western European and Western countries of our size. Everyone should understand that the strategic relationship between the countries is systematically formed on this foundation and not on the letters of these politically engaged lobbyists. I have no idea what Iranian oil is talking about, no investigation will be launched on this topic. Georgia was the first country to recognize our partners together since 2013 Iran sanctions conditions, has made the country's economy ukiduressad heavy steps of our strategic partners at the request of and in the interest of, and then you have to be interested in you and to count how many account was canceled, what steps were taken by Justice aministrom, the central bank, government and so on, and these rumors stop smoking ", - said George Gakharia.
U.S. Senators Ted Cruz and John Cornyn, Congressmen Judy Arringtin, and Marquin Mullin have written to Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin to express their concern over the harassment of U.S. companies and businesses in Georgia. They also lament "Georgia's ties to America's enemies," which they say is "at the expense of
State agency oil and gas on fb shares the video with the following comments “ the fronter in the international scandal and in different countries”.
Georgians ain’t backing down yet it seems
When you click buy it dosnt look like anything of use
https://globalarbitrationreview.com/article/1226020/georgia-declares-win-against-us-oil-company
Think I posted it , I’ll go have a look
6. retire
?? front vs
? the contract with front will be stopped automatically on July 27
?? I and - advisor of Georgian
https://www.facebook.com/615313671911493/posts/2827812593994912/?vh=e
strange that the GG have put out a statement today with pretty much exactly the same content as before. i wonder if they have caught wind of ZAZA up coming interview
can we please stop with the $10billion figure
Been posted already ivy :) just talks about terminating Frr contract
The new company set up with a 50/50 split with the gg is something that we were already aware of, it was discussed in here many months ago, the picture does seem a little clearer after b20 post as it seems logical
Here you go
* B19128943 *
Ministry of Justice of Georgia National Agency of Public Registry LEPL
Extract from the Register of Entrepreneurs and Non-Entrepreneurial (Non-Commercial) Legal Entities
Application registration number, preparation date: B19128943, 18/11/2019 16:47:14
Subject
Frontera Istern Georgia Ltd.
Limited Liability Company 204905674
5 / 4-1369; 07/08/1997
Vake District Court
Georgia, Dedoplistskaro, Gorgasali St., No15
Email Email:
The person providing the information is responsible for the authenticity of the additional information.
Information on the liquidation / reorganization / insolvency process
Trademark:
Legal form:
Identification number:
Registration number, date:
Registration authority:
Legal address: Additional information:
fegl@fronterarsources.com
it's not registered
Supervisory Board
Partners' Meeting
Governing body
Leadership / Representation
General Director - Zaza Mamulaishvili, 01024002412
Partners
http://public.reestri.gov.ge 1 (2)
Owner share
Fronter Rorsors Georgia Corporation, CR 72227 / USA /
Joint Stock Company Georgian Oil and Gas Corporation, 206237491
it's not registered
Seizure / Prohibition
it's not registered
Share manager
50%
50%
Commitment
Tax lien / mortgage right
it's not registered
The right to pledge / lease movable property and intangible property
it's not registered
Debtors Register
it's not registered
The authenticity of the document can be verified on the official website of the National Agency of Public Registry www. napr.gov.ge;
The extract can be found on the website www. napr.gov.ge, any territorial registration office, houses of justice and authorized persons of the Agency;
If you find a technical defect in the extract, please contact us: 2 405405 or fill out the application in person on the website; Consultation is available on the hotline of the House of Justice 2 405405;
In case of illegal actions by the employees of the Public Registry, please contact us on the hotline: 08 009 009 09 Please write to us by e-mail: info@napr.gov.ge
http://public.reestri.gov.ge 2 (2)
? Vazha Khidasheli: Frontera will have to leave the entire contract area in Georgia from July 27
???? From July 27, the oil and gas company Frontera will have to leave the entire contract area in Georgia, - the message about the termination of the contract, which was sent by the State Oil and Gas Agency to the company.
"The Arbitration Tribunal assessed as a substantial breach of contract the fact that Frontera Research Georgia Corporation refused to return the search area (99% of the entire licensed area) to the state. . The company received the appropriate notification on April 27 and, in fact, has until July 27 to resolve all issues provided by law, ”Vazha Khidasheli, advisor to the Oil and Gas Corporation, told Business Partner.
It is also unclear to Vazha Khidasheli why the company announced its resumption of operations in Georgia today, when the notice of termination of the contract had already been received.
In a statement issued on April 29, Frontera's management said, "Frontera remains a loyal corporate citizen of Georgia, committed to helping the country rebuild its economy and achieve energy independence as a result of our work in the Kakheti region."
Vazha Khidasheli says that the statement of the company "Frontera" spread by the media distorts the facts, does not correspond to the reality and should be aimed at misleading the public regarding the results of the process.
According to the corporation, the arbitral tribunal shared in the final decision the agency and the corporation's vision for the interpretation of the contract norms and, among other things, found that the search-and-search area (99% of the entire license area is a contract with Georgia) , Which gives the state the right to terminate the contract.
According to the decision, the defendants were instructed to reimburse the amount of the fee for the use of natural resources paid by JSC Georgian Oil and Gas Corporation and also the expenses incurred by the plaintiffs in connection with the arbitration proceedings.
The Arbitration Tribunal also granted the motion of the Frontera Riverside Georgia Corporation and the Frontier to withdraw the claims filed by the United States and terminated the proceedings in connection with these claims. The decision of the arbitral tribunal is final.
Source: https://business-partner.ge/ Vazha-Khidasheli-Frontera /
# Frontera # Oil # Gas # Energy # Energy Platform
only way for both sides to prove their telling the truth is make the arb public ,
State agency oil and gas on fb just nowToday 17:00
The agency sent a message to the company about the termination of the contract with Frontera
On April 17, 2020, the final arbitration award was issued on the one hand between the State Oil and Gas Agency LEPL and JSC Georgian Oil and Gas Corporation and, on the other hand, the ongoing arbitration dispute between Frontera Risorz Georgia Corporation and Frontera USA. In connection with the beginning of which was "Frontera Rissoriz Joe Jia Corporation "by June 25, 1997, shares of products distribution and processing plant for the study of its contractual obligations.
The decision to initiate the dispute was made after numerous attempts by the agency and the corporation to resolve it failed. Frontera Riverside Georgia Corporation has repeatedly rejected the proposal to end the dispute through mediation.
The Arbitration Tribunal shared the Agency's and Corporation's vision for the interpretation of the contract norms and, among other things, found that by refusing to return the search area (99% of the entire licensed area) to the state, Frontier Contract Ratio Contact with Georgia One hundred gives. According to the decision, the defendants were instructed to reimburse the amount of the fee for the use of natural resources paid by JSC Georgian Oil and Gas Corporation and also the expenses incurred by the plaintiffs in connection with the arbitration proceedings. The arbitral tribunal also upheld the acquittal of Frontera Riverside Georgia Corporation and Frontera in the United States' claims and terminated the proceedings in connection with those claims. The decision of the arbitral tribunal is final.
In view of the content of the arbitral award and other circumstances, on 27 April 2020 the Agency forwarded a notice to Frontera Riverside Georgia Corporation stating that the contract had been terminated. The contract will be automatically terminated upon termination of the term specified in it (July 27 of this year).
LEPL State Oil and Gas Agency and JSC Georgian Oil and Gas Corporation completely and unequivocally reject some of the media outlets that, in a statement issued on April 29 this year by Frontera Research Georgia Corporation and Frontera, misrepresented the US statement. . The Georgian side urges the company to voluntarily comply with the decision of the arbitral tribunal as soon as possible, including the payment of funds to the Georgian side (approximately USD 6 million).
At the same time, we note that according to the rules of arbitration, the final decision can be made public with the consent of the parties. The agency and the corporation agree to make the decision public. The corporation has applied to Frontera Research Georgia Corporation for approval, but has not yet received a response from them.
Energyplatform
The agency sent a message to the company about the termination of the contract with Frontera
On April 17, 2020, the final arbitration award was issued on the one hand between the State Oil and Gas Agency LEPL and JSC Georgian Oil and Gas Corporation and, on the other hand, the ongoing arbitration dispute between Frontera Risorz Georgia Corporation and Frontera USA. In connection with the beginning of which was "Frontera Rissoriz Joe Jia Corporation "by June 25, 1997, shares of products distribution and processing plant for the study of its contractual obligations.
The decision to initiate the dispute was made after numerous attempts by the agency and the corporation to resolve it failed. Frontera Riverside Georgia Corporation has repeatedly rejected the proposal to end the dispute through mediation.
The Arbitration Tribunal shared the Agency's and Corporation's vision for the interpretation of the contract norms and, among other things, found that by refusing to return the search area (99% of the entire licensed area) to the state, Frontier Contract Ratio Contact with Georgia One hundred gives. According to the decision, the defendants were instructed to reimburse the amount of the fee for the use of natural resources paid by JSC Georgian Oil and Gas Corporation and also the expenses incurred by the plaintiffs in connection with the arbitration proceedings. The arbitral tribunal also upheld the acquittal of Frontera Riverside Georgia Corporation and Frontera in the United States' claims and terminated the proceedings in connection with those claims. The decision of the arbitral tribunal is final.
In view of the content of the arbitral award and other circumstances, on 27 April 2020 the Agency forwarded a notice to Frontera Riverside Georgia Corporation stating that the contract had been terminated. The contract will be automatically terminated upon termination of the term specified in it (July 27 of this year).
LEPL State Oil and Gas Agency and JSC Georgian Oil and Gas Corporation completely and unequivocally reject some of the media outlets that, in a statement issued on April 29 this year by Frontera Research Georgia Corporation and Frontera, misrepresented the US statement. . The Georgian side urges the company to voluntarily comply with the decision of the arbitral tribunal as soon as possible, including the payment of funds to the Georgian side (approximately USD 6 million).
At the same time, we note that according to the rules of arbitration, the final decision can be made public with the consent of the parties. The agency and the corporation agree to make the decision public. The corporation has applied to Frontera Research Georgia Corporation for approval, but has not yet received a response from them.
Energyplatform