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The Stockholm Arbitration Court prohibited the termination of the Chisinau International Airport concession contract pending a final decision on the claim against Moldova and prohibited any enforcement of the concession termination notice sent to Avia Inv

The Stockholm Arbitration Court prohibited the termination of the Chisinau International Airport concession contract pending a final decision on the claim against Moldova and prohibited any enforcement of the concession termination notice sent to Avia Inv

Avia Invest SRL reported this, noting that on August 2, an interim decision of the Stockholm International Arbitration Court was announced on the claim of Avia Invest against Moldova on violation of international and national legislation in relations with the concessionaire of Chisinau International Airport. As noted by Avia Invest, the arbitration banned Moldova from performing actions to terminate the contract until the final decision and prohibited any execution of the notice of termination of the concession sent to the company on July 8, 2020. Avia Invest SRL and its shareholders welcomed the decision of the Stockholm International Arbitration Court and inform the public that they have never sought such a development of events. The company stated that it has always been and remains open to a civilized legal dialogue with the authorities on any issues, but will not allow dialogue from a position of power. "We hope that the common sense of the authorities will further facilitate the settlement of the conflict without the need for further arbitration," Avia Invest said in a statement. //03.08.2020 - InfoMarket.

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