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Montenegro

ATLAS GROUP 30. 08. 2019.   >>  18:43 0

ATLAS GROUP

Initiated arbitration proceedings against Montenegro

Fugitive businessman DuskoKnezevic and his Atlas Group have formally initiated arbitration proceedings against the state of Montenegro and are seeking damages of 500million euros.

The Atlas Group also stated that they had already called on the Government for a settlement.

"We have suffered not only direct but also international damage as a result of a violation of the reputational risk of both Atlas Group and DuskoKnezevic personally,”the group said.

As they stated, the arbitration procedure was initiated in accordance with the assumed international obligations of the state regarding the protection of foreign investments, and in case it ends with a decision in their favor - they state that they will invest the money from the collection in Montenegro.

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