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The most likely outcome, if the concession agreement for the Brskovo mine is terminated, is that the concessionaire, Tara Resources, will initiate arbitration against Montenegro, stated Luka Popović, the lawyer representing the Swiss company.
He attended today’s meeting of the Interdepartmental Working Group for the preparation of an expert analysis of the concession agreement for detailed geological exploration and exploitation of sulfide polymetallic ore at the exploration-exploitation area of the former Brskovo mine.
“We emphasized during the work that the Government must be aware that the working group needs to indicate the risks of this procedure and that, if the concession agreement were to be terminated, it is not the only potential risk of domestic court and litigation before a domestic court, but there is a potential risk of international investment arbitration since the investor, the owner of the concession company, is a Swiss company, and considering that there is
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