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Serbia to pay EUR 36mln for satellite

13. May 2010. | 10:56

Source: limun.hr

Serbia has to pay EUR 36m damages to Israeli company ImageSet due to the breach of the lease contract on spy satellite, the London Court ruled.

Serbia has to pay EUR 36m damages to Israeli company ImageSet due to the breach of the lease contract on spy satellite, the London Court ruled.

Serbia also has to pay RSD 1.38 for the costs of the lost dispute. Namely at the Court in London, Serbia challenged the jurisdiction of the International Arbitral Tribunal in Paris to reach the decision on the claims of the Israeli company.

The Paris Court ruled against Serbia in 2008, on the basis of the complaint of ImageSet, after that, Serbia tried to challenge the jurisdiction of the Court at the regular Court in London.

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