THE TURBULENT privatization of the Bratislava airport will likely end with two lawsuits being filed against Slovakia. The TwoOne consortium, which won the tender under the previous government but had the sales contract torn up by the current cabinet, is prepared to take the case to the International Court of Arbitration in Paris.
The new Robert Fico government announced in mid-August that it intended to withdraw from the sale of a 66 percent stake in the airport because TwoOne missed the deadline for securing approval of the deal from the country’s competition authority.
Should the government follow through on its intentions, TwoOne announced at a press conference yesterday that it would also turn to an international jury tribunal, which resolves disputes connected with the protection of investments, the Pravda daily wrote.
TwoOne includes the Slovak private equity group Penta Investments, Vienna’s Schwechat Airport, and the Austrian bank Raiffeisen Zentralbank.
According to Penta’s Jozef Oravkin, Schwechat Airport, as an Austrian company, has the right to protection on the basis of an international agreement on the protection of investments. In his opinion, Slovakia has repeatedly breached this agreement.
25. Aug 2006 at 8:49