Rotch Energy threatens legal action over privatization

British company, Rotch Energy, has threatened legal action if the Polish government eliminates it from the tender to privatize Grupa Lotos. It appears, however, that the British company itself might be sued by Konsorcjum Gdańskie (KG), which plans to file financial claims against its former partner in the privatization of the Pomeranian refinery. "In July we plan to file claims for $80,000. This concerns the failure to meet the conditions of the consortium agreement signed in 2001, according to which, the British company was obliged to cover some of the costs of financial and legal advice," said Andrzej Voigt, president of KG. The representatives of Rotch are not concerned by the threat. "If the claims are legally binding then we will await proper documentation in court. In our opinion, KG has no such evidence," stated Andrzej Popis, RE's advisor. (Puls Biznesu, p.6) A.C.