Article from 22nd April29 Apr 2020 18:41
http://bizzone.info/energy/2020/1587605429.php
Georgia has played an arbitration dispute with the American company Frontera
22.04.2020 | 18:30:29
"Neftegazova Corporation" Georgia and the State Agency for Petroleum and Gas have launched a lawsuit against Frontera.
According to the corporations, on April 17, 2020, the International Arbitration Court will issue a final decision on the disputed dispute between the two parties, the Central Bank of Georgia, the Georgian Federal Reserve Corporation, the Georgian Federal Reserve, and the State Accreditation Agency. Frontera USA », which was published on June 25, 1997, has been distributing production products and studying peregrine falconry.
The arbitral tribunal upheld the interpretation of the contractual norms of the "non-oil corporations of Georgia" and the oil and gas agencies, and extended the absolute hospitality and treatment.
Instead of other issues, the arbitral tribunal renewed that the Frontera risorize Georgia corporation had substantially breached the agreement, which prompted the dismissal of the most trusted area (99% of all licensed areas).
According to the decision, Frontera was reluctantly reimbursed for the payment, paid for by the "non-oil corporation of Georgia" for the use of natural resources, and at the same time reimbursed for the expenses, which were transferred to the arbitral tribunal. Arbitration tribunals have also mediated "Frontera Resources Georgia Corporation" and "Frontera USA", which have completed their production and reduced production. According to the agreement, the arbitral tribunal's decision was finalized.
At the same time, "Neftegazov's Corporation of Georgia" and the state-owned agency Nefti and Gaza are judging the decisions made after the implementation of the decisions, on the basis of arbitration tribunals, and the realization of other straightforward, forward-looking decisions.
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