Vivendi Universal accuses Elektrim of stealing EUR 2 billion from PTC

The French company submitted an official complaint to the government according to a procedure stated in the provisions of the bilateral agreement from 1989 on the protection of Polish-French investments. The negotiations will last for up to six months and if it does not end in a compromise, the matter will probably end up in a UN court of arbitration. The accusation against Elektrim stems from differences in the understanding of the verdict of the Vienna arbitration court ruling. Meanwhile, PTC is torn by internal problems with the old managing and supervisory boards refusing to resign. (Puls Biznesu p. 6) M.G.