- Title: SERBIA: Serbian and Croatian petrol company Ina make submissions in court case
- Date: 18th September 2010
- Summary: BELGRADE, SERBIA (SEPTEMBER 17, 2010) (REUTERS) EXTERIOR OF COMMERCIAL COURT PLAQUE READING IN SERBIAN "REPUBLIC OF SERBIA, COMMERCIAL COURT IN BELGRADE, BELGRADE" VARIOUS OF PEOPLE AT COURT ENTRANCE (SOUNDBITE) (Croatian) LAWYER FOR CROATIAN PETROL COMPANY INA, ANTONIO BRESKOVIC, SAYING: "The essence of our submission is that we call for the annulment of the contract. Because it is in contradiction with article 103 of obligation law, and to international agreements between Serbia and Croatia." SERBIAN FLAG FLYING ON COURT VARIOUS OF CARS DRIVING DOWN STREETS MAN AT PETROL STATION FILLING VAN SIGN READING 'LUKOIL' AT PETROL STATION SIGN ON ROOF OF BUILDING READING IN SERBIAN 'LUKOIL OIL COMPANY' EXTERIOR OF LUKOIL BUILDING WITH CARS GOING PAST
- Embargoed: 3rd October 2010 13:00
- Location: Serbia
- Country: Serbia
- Topics: Crime / Law Enforcement,Energy
- Reuters ID: LVA4IVU129GYCM93Z6RX9300NX5
- Story Text: Croatian petrol company Ina and the Serbian government submitted their cases to the commercial court in Belgrade on Friday (September 17). Ina brought a lawsuit against Serbia for selling petrol stations to Russian company Lukoil. Ina says it owned the stations before the war in former Yugoslavia and the contract with Lukoil is invalid.
"The essence of our submission is that we call for the annulment of the contract. Because it is in contradiction with article 103 of obligation law, and to international agreements between Serbia and Croatia," Antonio Breskovic, a lawyer representing Ina, said outside the court.
Beopetrol, a company that Ina owned in Serbia, was sold to Lukoil in 2003. The Croatian company claims that contract has no legal force. It wants 167 petrol stations to be given back and asks for 90 million euro for lost profit.
The court on Friday gave both parties 30 days to respond to the submission by the other party.
Serbia and Croatia did not resolve the problem of property owned by the two countries after the disintegration of former Yugoslavia.
According to Serbian authorities, there are 790 objects in Croatia which were owned either by Serbia or by Serbian companies with a total value of approximately 1,8 billion euro.
- Copyright Holder: REUTERS
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