Vilnius to turn to Stockholm arbitration over France's Veolia

  • 2017-05-03
The Vilnius City Council decided on Tuesday, April 25, to turn to Stockholm arbitration for compensation of damages caused by the French concern Veolia and its company Vilniaus Energija during the lengthy lease of the city's heating sector, after they disagreed with a claim of about 200 million Euros filed by the city. Some 34 members of the council voted in support of taking the issue to Stockholm arbitration, with no votes against and seven abstentions. Vilnius Vice-Mayor Valdas Benkunskas said earlier on that, with the council's approval, the claim to Stockholm...
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