Ministry of Economy of Montenegro press release in Croatian relating to arbitration proceedings against Oleg Deripaska - CEAC Holdings Limited - 16 October 2019
Machine translation: Investment arbitration proceedings between Mr. The Oleg of Deripaska and Montenegro finally ended on October 15, 2019 , when the acting arbitral tribunal delivered its final decision to the parties. By such a decision, the arbitral tribunal unanimously found that the bilateral agreement on foreign investment protection concluded between the Federal Republic of Yugoslavia and the Russian Federation was not applicable to Montenegro. Therefore, the arbitral tribunal declared itself completely incompetent and refused to decide further on Mr. Deripaske. The arbitral tribunal further ordered that Mr. Deripaska reimburses Montenegro for all the costs of arbitration and legal representation that Montenegro has so far incurred in these proceedings.