The Cabinet approved the draft decision concerning the selection of the law firm that will represent the state in the lawsuit filed by “Komaksavia Airport Invest Ltd” against the Republic of Moldova, which is pending at the Arbitration Institute of the Stockholm Chamber of Commerce. This is the law firm “Buruiana & Partners”, IPN reports.
Under the decision, the director general of the Public Propriety Agency is empowered to sign the legal assistance contract with the law firm and the documents, agreements and reports needed for the proper execution of the given contract. The Public Propriety Agency will be allocated the equivalent in lei of 169 940 euros, from the Government’s reserve fund, for paying honorariums to the law firm.
On May 20, 2020, “Komaksavia Airport Invest Ltd” filed a suit against the Republic of Moldova to the Arbitration Institute of the Stockholm Chamber of Commerce over alleged violation of provisions concerning the promotion and protection of investments and the expropriation of the Agreement between the Government of the Republic of Moldova and the Government of Cyprus on Reciprocal Promotion and Protection of Investments.
