Article Tools

Alpine and Porr to Be Compensated by Serbia

Published: April 26, 2013; 12:15 · (Vindobona)

The Austrian construction companies Alpine and Porr claim € 71m from Serbia before the court of arbitration due to a flopped major project for the building of a highway.

Alpine and Porr to Be Compensated by Serbia / Picture: © Flickr

According to the verdict by the International Chamber of Commerce (ICC) in Paris, the companies are being refunded € 10bn and interests by the state of Serbia. However, they will not be granted compensations for the loss of profits. Since both construction companies have claimed other reimbursements before the court, the final verdict is only a partial success. The amount of € 10bn…

This article includes a total of 325 words.

or Log In