Company “Paykos” sues Telekom in Arbitrazh

The company “Paykos” has exercised indictments at the Swiss Arbitrazhi Centre on Kosovo Telecom.

The Pristina-based private company's indictment of Telekom is linked to a contract bound between the parties in 2015 for the sale, distribution and promotion of Vala's Pre-Paid warheads.

The so-called “commercial agreement between PTK-Paykos” was signed on 16 March 2015/

Exercise “indictment indictment PayKos” to Telekom has announced the public company between an announcement on the public procurement platform, e-procurement.

According to Telekom's announcement of the commitment of an international legal study for representation near the Swiss Arbitrazh Centre, the dispute relates to <x0-> the interpretation and calculator of some aspects of the contractual report between the” parties.

This request's “Nature has to do with professional legal and specific representation services near the Swiss Arbitrazhi Centre (Swiss Abbiratation Center), by licensed and experienced attorneys of representation at such an arbitration institution. Kosovo's telecom is an unknown party, while Paykos LLC is a pair of indictees”, the report said.

For protection at Switzerland's International Referee, Telekom has engaged an Austrian legal studio. In this case, the public company has awarded a valid 225 thousand-euro legal study “Baker McKenzie“, based in Vienna.

This requirement is expected to engage a licensed legal company and with the expertise and experience needed for representation of Kosovo Telecom. This should also include the procedural aspect of applicable arbitration rules, and also the applicable law and the contracting aspect”, the statement says.

Four years after signing the basic agreement between Telekom and “Pykos”, the parties had also linked two other annexes to each other.

In the first annex, the company “Paykos” had benefited 700 thousand euros from the sale of a amount of fillings for Vala and another 350,000 in the second.

On this issue, Telekom asked the company for payments to carry out in record terms before the sale of goods, the Economic Bulletin reported.

Paparac has contacted company owner “on Tuesday PayKos”, Armend Zeqiray, but the same has provided no details about the indictment exercised against the public company.

It is not known what the company's required compensation value is about damages allegedly caused to it.

On the internet, they find little data on the company's activities “Paykos”, but it is known that it was registered as a business in ARBK during December 2014. /Paparacy. com