RE: Has this latest15 Jun 2019 12:21
Reso, are you fkn deluded?? We may be £7m odd mcap company but the claim being made is HUGE. In case you didn't read the RNS yesterday here are some extracts:
The Company will also submit a claim for damages against the Republic of Slovenia for breach of EU law including for the unreasonably long time it took for the decision to be reached.
The Company will be seeking damages for loss of future income from the project which would have been expected to have been a multiple of the historic investment of some €50 million.
Arbitration claims for damages under the Energy Charter.
So, there are a number of aspects to the claim going in and which government department is not going to action when the litigation papers arrive. If you think they won't bat an eyelid - you are on cloud cuckoo land. This will no longer be a matter for junior ministers...the top dogs will be involved. Imagine a UK ministry being sued for £200 odd million... you think the hierarchy ministers are not going to get involved?? Seriously get real.
In the era of a slowing global economy, every country needs to boost their own economies and growth, and Slovenia have gas under the ground that could supply their grid for 20 years! What part of sense and sensibility are you and Slovenia lacking here?
This situation is embarrassing for Slovenia in that they have failed to follow laws and expert guidance and (possibly) going to end up in court as result.
Good luck to all genuine AST holders