Yevgeny Kazmin, a co-owner of Ukraine’s KVV Group, which owns Latvia’s insolvent steel company KVV Liepajas Metalurgs, has filed a lawsuit against Latvia with the International Centre for Settlement of Investment Disputes (ICSID), information on the center’s official website suggests LETA.
Ukraine’s KVV Group warned already last year that it is going to complain about Latvia to the European Commission’s anti-monopoly and corruption prevention committees, which could result in a fine of EUR 150-300 mln for Latvia. KVV Group also said it might seek justice in an international court over the Latvian steelmaker’s insolvency.
Now, Kazmin is suing Latvia in the ICSID. His application has been registered on February 3, with the Legal Depart…
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