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EVN Arbitration Proceedings Against Bulgaria to Start

Published: June 21, 2013; 16:51 · (Vindobona)

EVN AG commences investment treaty arbitration against the Republic of Bulgaria.

EVN Arbitration Proceedings Against Bulgaria to Start / Picture: © EVN

EVN AG notified the Republic of Bulgaria, in March 2013, of its claims under international investment treaties in connection with Bulgaria's breaches of public international law. This dispute arises out of actions by Bulgarian regulatory authorities and government agencies in relation to the pricing of electricity and compensation for public obligations in respect to renewable energy.…

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