The company "Gavrilovic" has won Croatia | Region

The Arbitration Panel of the International Center for the Settlement of Investment Disputes in Washington issued a verdict that the Republic of Croatia illegally deprived Gjury Gavrilovic of the property rights of the "Gavrilovic" company ".

ICSID in Washington unanimously passed a verdict, stating that the Republic of Croatia illegally deprived Gjuro Gavrilovic of the property of Gavrilovic, a Petrinja food company.

The proceedings against the Republic of Croatia led Gjuro Gavrilović and his company, TV N1 Croatia reported

The arbitral tribunal rendered the verdict on July 26, according to a statement by the company Petrinja

Gavrilović launched an arbitration procedure against the Croatian State before ICSID at the end of 2012, and for the protection of foreign investments, and he asked for the 19659007] READ MORE – Gavrilovic switches to production in Bosnia and Herzegovina and Serbia

"The arbitral tribunal is a member of the Court of Auditors found that the investment of Gjure Gavrilovic, which consisted of the acquisition of five companies of the former holding Gavrilovic during bankruptcy, enjoys the right to protection based on the Washington Convention and the investment protection agreement concluded between the Republic of Croatia and the Republic of Austria.] declaration of the company signed by Gjuro Gavrilovic

It is also stated that "the investment was made in accordance with the applicable laws, and the irregularities of the bankruptcy that the Republic of Croatia disputed during the proceedings may be exclusively placed at the expense of its competent organs, but not Gjuri Gavrilovic. "

After 25 years of unsuccessful attempts to protect your rights before the authorities of the Republic of Croatia and all the pressures, including the conduct of criminal proceedings Gavrilović and Gavrilović see this verdict" primarily as a confirmation of their efforts to prove the unlawful conduct of the Republic of Croatia and its organs, as well as the legitimacy of invested investment, " u 19659011] window.fbAsyncInit = function ( ) {
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