Pursuant to agreement between the Government of the Republic of Lithuania and the Government of the Kingdom of Norway on the Promotion and Mutual Protection of Investments, agreement between the Government of the Republic of Latvia and the Government of the Kingdom of Norway on the Promotion and Mutual Protection of Investments (the "BITS") and the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the "Convention") Lithuanian company UAB "ARCTIC FISHING" and the Latvian company SIA North Star (the "Claimants") hereby submit their Notice of the dispute to the Kingdom of Norway (the "Respondent") against Respondent actions which infringe BITS requirements and cause the damages for Claimants.
Claimants are fishing companies that have invested their capital in the crab catching activities in the Norwegian continental shelf in the Barents Sea (the "Norway's administered maritime zones").
After Claimants invested their capital in Kingdom of Norway and started crab fishing in the Norway's administered maritime zones, Respondent began a campaign of harassment against Claimants for political reasons.
Respondent's ongoing harassment has harmed Claimants in many ways. As we will explain in this Notice of the dispute:
- Respondent arrested fishing vessels owned by Claimants selectively and illegally suspended Claimants fishing activities;
- Respondent refused to issue for Claimants the Norwegian authorizations of crab fishing.
Through its continuing harassment of Claimants and illegal actions, Respondent has violated the BITS. Claimants reserve their right to supplement their Notice of the dispute in response to Respondent's ongoing conduct and any future such steps against Claimants.