ARBITER FOR BALKAN AIRLINES LAWSUIT ASSIGNED

Business | November 7, 2001, Wednesday // 00:00

Karl-Heinz Boeckstiegel, was appointed arbiter of the lawsuit of Gad Zeevi, owner of 75% stake in the Bulgarian flag carrier Balkan Airlines, against the Bulgarian Privatization Agency (PA). He was selected by the Paris Arbitration Court of the International Chamber of Commerce. Gad Zeevi’ brought a suit for USD 230 M against the PA for breaching the privatization contract. The proceedings are expected to begin by December 2001, after he pays the necessary fees.

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