At a session of the Council of Ministers of Bosnia and Herzegovina (BiH), the Attorney General’s Office of BiH was requested to urgently submit a proposal for resolving the legal issues in the case of Viaduct d.o.o. Portoroz, Vladimir Zevnik, and Boris Goljevscek against BiH concerning the execution of the ISCID Committee’s decision.
The information will include an overview of the obligations of the Council of Ministers of BiH, aiming to minimize the adverse impact on the budget of BiH institutions and outline future steps to fulfill the obligations arising from the previously signed agreement between the Council of Ministers of BiH and the Government of Republika Srpska (RS), which committed RS to pay all costs of this arbitration procedure.
The Attorney General’s Office of BiH was also asked to provide information for resolving other arbitration procedures against BiH, including the arbitration procedure brought by Pramod Mittal and others against BiH regarding the investment in Global Ispat Koksna Industrija (GIKIL) d.o.o. Lukavac. The governments of the Federation of BiH (FBiH) and Tuzla Canton (TC) previously refused to sign an agreement to secure funds for this arbitration procedure.
The session once again highlighted the obligations of the Attorney General’s Office of BiH regarding the protection of property and property interests of BiH.
To recall, the Arbitration Council in London rejected the request of RS to annul the decision of the arbitration court in Washington at the beginning of the month. This means that RS, in this case, BiH, must pay 90 million BAM (46 million euros) to the Slovenian company Viaduct as compensation for the unilateral termination of the contract for the construction of a hydroelectric power plant on the Vrbas River.
In 2004, the Government of RS signed a 165 million euro concession agreement with HEV Vrbas, majority-owned by Slovenian Viaduct, for the construction of two hydroelectric power plants, N1 writes.
E.Dz.
