British company takes Kosovo to trial, urges 200m euros in damages

As reported by the British media media in The Telegraph, the company has established arbitration procedures at the UN Commission for International Trade against the Republic of Kosovo, under the claim that the state has failed to protect rights, Express submits.

The documents presented at the UN claim Fox signed an agreement with local companies Green Power and Scope two years ago, which would give the British company access to the mine by handing over the stake to the firm.

Fox, the medium writes, now claims the agreement paved the way for a 100m-euro expansion plan, which would help the presence of one of the largest private companies in Kosovo, to create jobs.

However, arbitrage documents claim that before Fox's directors achieve the transfer of shares, the owners of Green Power and Scope, through their lawyers, challenged the validity of the deal, saying the agreement had been cancelled.

When Fox tried to register ownership of Green Power and Scope with the Kosovo business registration department ARBK, the application was rejected.

Kosovo's mining regulator also withdrew the company's license.

In the document sent to arbitration, it is now said it meant significant financial loss “. They also lost a major US financial supporter who would have helped finance 40 quarries and factories in Kosovo”.

The Kosovo government's interior people have said that if Fox wins the case, the stability of their country's economy is threatened.

British media has contacted a spokesman from Kurti Government who bore the blame for other governments.

The “Acuses made by the company concern previous governments. This is a new government with policy priorities, including strengthening the rule of law and attracting foreign investment”, he is said to have said.