Hillmont Partners has obtained an award for interim measures for client Komaksavia Airport Invest Ltd in arbitration against the Republic of Moldova related to the concession agreement for the Chisinau International Airport.
According to Hillmont Partners, “despite transformational investments into the airport since 2013, the investor’s business has recently come under huge political pressure that seeks to force it to breach its obligations under the concession agreement with the Agency of Public Property of the Republic of Moldova through a campaign openly and publicly admitted by Moldovan state officials. In order to protect the investor’s rights ... arbitration at the Arbitration Institute of the Stockholm Chamber of Commerce [was] initiated. On August 2, 2020, Hillmont Partners successfully obtained an arbitral award for interim measures against the Republic of Moldova that explicitly prohibits the state from performing certain actions to terminate the concession agreement.”
The Hillmont Partners team included Co-Managing Partner James Hart, Counsel Andrii Chornous, and Senior Associate Sergii Regeliuk.
