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Hidroelectrica will not pay compensation to Energy Financing Team AG, Bern’s Arbitration Tribunal decided

Hidroelectrica won the trial against Energy Financing Team (ETF) company at the Arbitration Tribunal in Bern, Switzerland, at the end of 2018. The Arbitral Tribunal fully rejected EFT AG’s claims in the amount of EUR 80 million (reduced during the trial after Hidroelectrica’s defense statements at EUR 42.6 million plus interest of 5 percent per year starting in 2013), representing compensation for the alleged Hidroelectrica ‘s culpable non-execution of the ...

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