NewsWhore
02-06-2007, 05:20 PM
AES Dominicana, which runs EdeEste, is suing the Dominican government for US$700 million in a New York City court. The lawsuit was brought specifically against the State Run Electric Companies (CDEEE), the Energy Superintendence and the National Energy Commission (CNE). The lawsuit claims that the Dominican government violated its contractual obligations and claims that the government didn't set up a tariff system as was designated under the 1998 agreement. Finally, the suit claims that the AES received a discriminatory agreement compared to EdeNorte and EdeSur and that this situation has led EdeEste to bankruptcy. According to AES, none of the transfers that the company has received from the government has been enough to fulfill the contract requirements. The lawsuit was filed at the International Chamber of Commerce Arbitration Tribunal as well at the United Nations Commission on International Trade Law (UNICITRAL).
More... (http://www.dr1.com/index.html#8)
More... (http://www.dr1.com/index.html#8)