{"id":447514,"date":"2019-09-14T09:55:45","date_gmt":"2019-09-14T09:55:45","guid":{"rendered":"http:\/\/www.moldova.org\/en\/?p=447514"},"modified":"2019-09-14T09:56:32","modified_gmt":"2019-09-14T09:56:32","slug":"komstroy-recover-13-september","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/komstroy-recover-13-september\/","title":{"rendered":"Komstroy ready to recover Moldova’s contested energy debt by all means, including in the US"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

Komstroy intends to recover Moldova’s energy debt from 1999-2000 by “all legally available means”, the company’s lawyers from AGG wrote in an email to Moldova.org.<\/p>\n

Even though an appeal decision might be made by the Paris Appeal Court at the end of this month, Komstroy is not constrained to wait for the court’s decision and could enforce the D.C. Court decision from 23 August 2019 in the United States<\/a>:<\/p>\n

Accordingly, Komstroy has full right to enforce judgment of the U.S. court in the United States against relevant Moldovan assets. Moreover, under U.S. law, Komstroy has full right to demand disclosure of financial information from financial institutions and business partners with which Moldova maintains commercial relations.<\/b><\/p><\/blockquote>\n

Responding to Moldova’s Justice Minister calling the $58 million claim a typical “scheme” to milk the state budget, Komstroy’s lawyers insisted that its predecessor, LLC Energoalliance, provided electrical energy in the context of harsh economic conditions for Moldova:
\n<\/span><\/p>\n

It is unfortunate that Energoalliance\u2019s contribution to Moldovan economy is now questioned. Komstroy strongly denies that there was anything illegal with its power supply structure.<\/b><\/p><\/blockquote>\n

In addition, Komstroy calls the Moldovan government to the negotiating table.<\/p>\n

Back in 2013, an ad-hoc arbitration tribunal concluded that Moldova had violated an investment commitment under the Energy Charter Treaty (ECT) by not paying debts owned to Komstroy\u2019s predecessor (LLC Energoalliance- based in Ukraine) on the deliverance of electric power in 1999-2000. Thus, the Moldovan government was allegedly owing around $46,5 million. The tribunal\u2019s decision was disputed by the Moldovans at the Paris Court of Appeal, which subsequently ruled in 2016 that the ad-hoc tribunal \u201cmisinterpreted the subject debt as an \u201cinvestment\u201d under the ECT\u201d (Case No. 14-cv-01921 (CRC)).<\/p>\n

According to sic.md<\/a>, LLC Energoalliance is associated with the more-than-controversial oligarch Veaceslav Platon and his involvement in the even more famous Russian Laundromat.<\/p>\n

Here are the full answers from Komstroy’s lawyers to Moldova.org’s questions:<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>Komstroy intends to recover Moldova’s energy debt from 1999-2000 by “all legally available means”, the company’s lawyers from AGG wrote in an email to Moldova.org. Even though an appeal decision might be made by the Paris Appeal Court at the end of this month, Komstroy is not constrained to wait for the court’s decision and […]<\/p>\n","protected":false},"author":6,"featured_media":447333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[35],"class_list":["post-447514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-important"],"content_social_share":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

Komstroy intends to recover Moldova’s energy debt from 1999-2000 by “all legally available means”, the company’s lawyers from AGG wrote in an email to Moldova.org.<\/p>\n

Even though an appeal decision might be made by the Paris Appeal Court at the end of this month, Komstroy is not constrained to wait for the court’s decision and could enforce the D.C. Court decision from 23 August 2019 in the United States<\/a>:<\/p>\n

Accordingly, Komstroy has full right to enforce judgment of the U.S. court in the United States against relevant Moldovan assets. Moreover, under U.S. law, Komstroy has full right to demand disclosure of financial information from financial institutions and business partners with which Moldova maintains commercial relations.<\/b><\/p><\/blockquote>\n

Responding to Moldova’s Justice Minister calling the $58 million claim a typical “scheme” to milk the state budget, Komstroy’s lawyers insisted that its predecessor, LLC Energoalliance, provided electrical energy in the context of harsh economic conditions for Moldova:
\n<\/span><\/p>\n

It is unfortunate that Energoalliance\u2019s contribution to Moldovan economy is now questioned. Komstroy strongly denies that there was anything illegal with its power supply structure.<\/b><\/p><\/blockquote>\n

In addition, Komstroy calls the Moldovan government to the negotiating table.<\/p>\n

Back in 2013, an ad-hoc arbitration tribunal concluded that Moldova had violated an investment commitment under the Energy Charter Treaty (ECT) by not paying debts owned to Komstroy\u2019s predecessor (LLC Energoalliance- based in Ukraine) on the deliverance of electric power in 1999-2000. Thus, the Moldovan government was allegedly owing around $46,5 million. The tribunal\u2019s decision was disputed by the Moldovans at the Paris Court of Appeal, which subsequently ruled in 2016 that the ad-hoc tribunal \u201cmisinterpreted the subject debt as an \u201cinvestment\u201d under the ECT\u201d (Case No. 14-cv-01921 (CRC)).<\/p>\n

According to sic.md<\/a>, LLC Energoalliance is associated with the more-than-controversial oligarch Veaceslav Platon and his involvement in the even more famous Russian Laundromat.<\/p>\n

Here are the full answers from Komstroy’s lawyers to Moldova.org’s questions:<\/p>\n

\"\"<\/a><\/p>\n

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