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Elia Inc. and Renaissance Trust Inc
U.S., Canadian Investors Ask European Union to Impose $183-Million in Damages on Poland
September 13th, 2008
Investment companies, Elia Inc., and its sister company Renaissance Trust Inc, of Dunmore, Pennsylvania, and Dessaport International Corporation Inc. of Halifax, Nova Scotia, have filed a formal complaint to the European Union about Poland's confiscatory treatment of their Gdansk-based joint stock company, EuroPort Inc Poland. The investors lodged the complaint with the European Commission's Directorate General for Competition, alleging EuroPort has suffered losses totaling $183-million as a result of actions by the Port of Gdansk Authority (ZMPG), and Poland's Ministry of the Treasury, owner of 85 percent of ZMPG's shares. EuroPort was building a...
Source: Law & Health Weekly (2008-09-13)
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