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Bulgaria: Court dismisses case against TurkStream

 |  September 17, 2019

According to See News, Bulgaria’s Supreme Administrative Court stated it has closed a case against a decision by the country’s antitrust regulator to reinstate Saudi-led consortium Arkad as winner in a tender for the construction of TurkStream gas pipeline.

The Supreme Administrative Court has dismissed the case as one of the participants in the consortium which filed the appeal—the Bulgarian branch of Luxembourg-registered Completions Development—has withdrawn its complaint against the regulator’s decision, the court said in a statement on Monday, September 16. 

In order for the court to carry on with the legal proceedings, all participants in the consortium, which besides Completions Development comprises Italy’s Consorzio Varna 1, should agree on the complaint, the court explained.

Full Content: See News

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