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Wednesday, 16.04.2025, 02:19
State may have to pay compensation of LVL 15-16 mln to Bertolt Flick
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"Panorama" has gained access to the State Chancellery's report on potential scenarios if the judgement is favorable for Flick.
Flick's claim was submitted to the prime minister in June, based on an investment protection agreement between Latvia and Germany. After submitting his claim, Flick must wait six months to turn to the International Court of Arbitration. Prime Minister Valdis Dombrovskis has tasked the Transport Ministry with solving the matter. The Transport Ministry has requested the State Chancellery's opinion.
The State Chancellery emphasizes that its opinion cannot be considered the government's opinion, but the report has been drafted to warn about potential consequences.
The State Chancellery's lawyer Ivars Mekons states in the report that, taking into account past practices in investment protection, there is reason for concern that Flick's claim may be deemed justified by the International Court of Arbitration.
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