BHS (BH Securities a.s.)
Czech markets  |  January 21, 2013 15:28:36

CEZ - arrived in Albania for a license is preparing for arbitration


Actually, as expected today Albanian Regulatory Authority decided to withdraw the license of ČEZ Shpërndarje. In that context identified and administrator who has supervised take over the administration of the company, including all decision-making powers and responsibilities for the operations of the company.

According to the ČEZ, as the company loses all shareholder rights and does not have any way to control this de facto expropriation defend. ČEZ with this procedure, when the operation of the company arbitrarily decided only by the regulatory authority, strongly disagrees and considers it to be incompatible not only with any European standards, but also the Albanian laws. Immediately therefore bring an action and inform the Albanian Government of its intention to commence arbitration.

According to the aforementioned regulator for the decision to be breach of contracts and laws. Plans to grant licenses to distribute other companies.

J.Zendulka

Tyto zprávy pro vás vytváří BH Securities a.s..
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