Bob Meijer v Georgia - ICSID Case No. ARB/20/28 - Press Release - Anaklia Development Consortium and Principal International Investor File Arbitration Claims Against Georgia - 30 July 2020
Claims Seek Substantial Damages Caused by Government's Campaign to Undermine Port Project that would have created Economic Prosperity for Georgia
The Anaklia Development Consortium (ADC) and Mr. Bob Meijer, one of its principal investors, on 29 July filed separate arbitration claims against Georgia in relation to their rights in the Anaklia Port Project. Together the two claims seek to recover the value of ADC's and Mr. Meijer's rights in the Project. The value of those rights is substantial, in excess of US$ 1.0 billion, representing ADC's and Mr. Meijer's losses directly resulting from the Georgian Government's campaign to undermine the Anaklia Port Project.