Decision in Eureko vs. Poland case in a month

In one month’s time at the latest, the decision will be made in the conflict between Eureko insurer and the government of Poland. The Dutch insurer may get EUR 1.5 billion of compensation.
The Ministry of the Treasure accused one of the arbitrary judges, Stephen Schwebel, that he was not impartial. The suit was filed just after the tribunal decided at the end of 2005 that the Polish government had broken the agreement to protect investment when it refused to sell Eureko 21 percent stake in PZU. According to Polish officials, the judge failed to reveal that he was connected with a lawyers’ office representing U.S. Cargill, which is also in court dispute with Poland and demands a high compensation. This is a very serious accusation as the 80-year-old Stephen Schwebel, professor of Harvard and Cambridge, is very respectable.

Stephen Schwebel denied the alleged connection with the Cargill case. The judge said that within 30 days he would send his decision to all parties concerned. Eureko is not worried.

“We are happy that the decision will be so quick. This is a sign that in one month at the very latest the arbitrary proceedings will be ended”, Michal Nastula, Eureko Polska CEO said.

The Ministry of the Treasure is cautious.

“It is too early to comment. We must ask our advisors”, Pawel Szalamacha, the deputy Minister of the Treasury said.

Source:Puls Biznesu