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Ascent files for arbitration against Slovenia, demands EUR 500m

The UK energy and natural resources company Ascent Resources and its Slovenian subsidiary have formally submitted a request for arbitration against Slovenia following complications in the country green-lighting their gas project near Lendava.

The company has revised its damage assessment from EUR 100 million to over EUR 500 million. The request was submitted to the Washington-based International Centre for Settlement of Investment Disputes (ICSID).


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