Hillmont Partners Secured an Initial Win for Komaksavia Airport Invest Ltd in the 885 Million Euro Investment Arbitration against the Republic of Moldova
Hillmont Partners is pleased to announce it has successfully represented Komaksavia Airport Invest Ltd in obtaining an award for interim measures against the Republic of Moldova in the investor-state arbitration proceedings in relation to the Concession Agreement over Chisinau International Airport.
Despite transformational investments into the airport since 2013, the investor’s business has recently come under huge political pressure that seeks to force it to breach its obligations under the Concession Agreement with the Agency of Public Property of the Republic of Moldova through a campaign openly and publicly admitted by Moldovan state officials. In order to protect the investor’s rights, an investment arbitration at the Arbitration Institute of the Stockholm Chamber of Commerce has been initiated.
On 2 August 2020, Hillmont Partners successfully obtained an arbitral award for interim measures against the Republic of Moldova that explicitly prohibits state from performing certain actions to terminate the Concession Agreement.
The firm’s team included Counsel Andrii Chornous and Senior Associate Sergii Regeliuk led by Co-Managing Partner James Hart. James Ramsden QC of Astraea Group and Daniel Benedyk of 39 Essex Chamber provided advisory support on the case.