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Article: Czech state begins arbitration against Japan's Nomura for IPB administration costs.
- Article from:
- Czech Business News
- Article date:
- March 20, 2006
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Czech state begins arbitration against Japan's Nomura for IPB administration costs
PRAGUE. MARCH 20. INTERFAX CENTRAL EUROPE eI Just three days after the Czech Republic lost an arbitration case with Japanese investment bank Nomura for its failure to protect foreign investment during the 2000 collapse of Investicni a postovni banka (IPB) bank, the Czech state Monday launched a separate arbitration case against Nomura for costs relating to the placement of IPB under forced administration, the Finance Ministry stated
"Each party will present its reasoning, witnesses, and experts, and it will question experts and witnesses of the counterparty. Oral ...