Commercial Court throws out Albanian action

Judgment of €433m against Italian power giant ENEL has no connection to Ireland, court rules

3rd April, 2016
The Four Courts Pic:

Albaniabeg, an Albanian spin off company of Italian renewable energy firm BEG, has shipped the 2009 judgment from Tirana District Court around several other jurisdictions, namely New York, the Netherlands, France and Luxembourg.

The firm alleges the judgment sum has not been discharged despite repeated demands for payment.

The BEG subsidiary fell out with ENEL while working on a project to construct and operate a hydroelectric plant in Kalivac, Albania in the late 1990s.

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