ZAGREB, April 21 (Hina) - The International Centre for the Settlementof Investment Disputes in Washington on April 20 appointed David A. R.Williams of New Zealand third arbiter and president of an arbitrationcourt to deal with a
dispute between the Croatian Power Company (HEP)and Slovenia regarding Slovenia's failure to supply HEP with powerproduced by the jointly-owned nuclear power plant Krsko, located inSlovenia.
ZAGREB, April 21 (Hina) - The International Centre for the
Settlement of Investment Disputes in Washington on April 20 appointed David A.
R. Williams of New Zealand third arbiter and president of an arbitration court
to deal with a dispute between the Croatian Power Company (HEP) and Slovenia
regarding Slovenia's failure to supply HEP with power produced by the
jointly-owned nuclear power plant Krsko, located in Slovenia. HEP is
claiming 30 million euros in damages for a delay in the supply of power from
Krsko which occurred after the signing of an agreement between the Croatian and
Slovene governments.
The provision of power from Krsko to Croatia should have started in
late June 2002, but it started in mid March 2003, which caused damage to
HEP.
Williams is a former High Court judge from New Zealand with extensive
international experience as a lawyer and arbiter. Apart from Williams, the
three-member arbitration tribunal consists of Charles Brower (appointed by HEP)
and Jan Paulsson (appointed by the Slovene government).
The next step in the process of arbitration is a meeting to be held
between the tribunal and representatives of HEP and the Slovene government.