Mol-Ina Case: Croatia Must Pay $236 Million

IndexHR

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BRANKO Bačić confirmed that Croatia will provide $236 million in the budget for compensation to MOL after the appeal was rejected.

444.hu

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A federal judge in Washington has ordered the enforcement of an arbitration award made in 2022, obliging Croatia to pay approximately $236 million (over 77 billion forints at current exchange rates) to Mol, according to an article published on the legal portal Law360.com, which was reviewed by hvg.hu. The Croatian state can only console itself with the fact that Mol originally demanded $1 billion in damages. Mol sued Croatia in 2013 because the …

poslovni.hr

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It is important to emphasize that the Republic of Croatia has not yet exhausted all available legal remedies at this time and will continue to take all necessary actions to protect national interests.

economx.hu

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An arbitration award in favor of Mol against Croatia has been made. This makes Mol enforceable. The INA decision is another twist in the Mol-INA dispute that has dragged on for more than a decade, and could pave the way for enforcement proceedings in the United States.

https://mandiner.hu/

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Zagreb could be ordered to pay $236 million.

Index

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Croatia lost one of the most important, $236 million battles against Mol - Mol can seize Croatian assets in America if it decides to do so.