Law firm says it offered advice for termination of Interblue emissions contract

A reputable American law firm, Skadden Arps Slate Meagher & Flom based in New York, says it is offering legal counsel to Slovakia regarding its emission quotas sale and termination of the contract with the Interblue Group company, the TASR newswire learned from Rainer K. Wachter, the head of Skadden's Vienna branch on January 11.

A reputable American law firm, Skadden Arps Slate Meagher & Flom based in New York, says it is offering legal counsel to Slovakia regarding its emission quotas sale and termination of the contract with the Interblue Group company, the TASR newswire learned from Rainer K. Wachter, the head of Skadden's Vienna branch on January 11.

The representative of the law firm said that Skadden offered a way out of the contract to the Slovak Environment Ministry and Slovak Premier Robert Fico in November 2009 – a method that would help Slovakia escape financial damages.

Slovakia sold 15 million tonnes of emission quotas to the Interblue Group for €75 million, at a rate of €5.05 per tonne. According to the opposition political parties, media and the present ministry management, this sum was about half what it could have been. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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