Stop for Arbitration Against KAP

Based on the orders of the High Court of Justice in London, proceedings before international arbitration initiated against the KAP by a lawsuit launched by VTB Bank, which exceed 25 million, are automatically suspended.

It includes automatic suspension of initiated proceedings or resumption of all individual civil proceedings brought against the KAP, including arbitration proceedings, bankruptcy trustee Veselin Perisic told RTCG.
As stated by Perisic, it is the first time that the bankruptcy proceedings pending before Montenegrin courts are accepted by the High Court of Justice in London.

Izvor: RTV Montenegro