The law office "Velimirović i partners" reacted to the text published yesterday on the portal "Vijesti" under the title "The decision in favor of the state of Montenegro is officially available".
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The statement signed by lawyer Goran Velimirović is transmitted in its entirety...
"In the aforementioned text, the announcement of the Ministry of Finance of the Government of Montenegro was conveyed that the International Center for the Settlement of Investment Disputes (ICSID) published a decision in favor of Montenegro, which was made in the proceedings of Addiko banka against Montenegro, and in connection with the Law by which Montenegro protected users of loans in Swiss francs. It was further stated that the proceedings began in September 2017 and consisted of two rounds of written submissions and hearings in Paris, in December 2019, after which the Tribunal issued a decision in November 2021, rejecting all claims against the state.
The statement from the Ministry of Finance further states that Montenegro was represented in this arbitration by members of the Ministry of Finance, the Central Bank, the Ministry of Justice and an international legal team led by Cherie Blair CBE KC and Catriona Paterson from Omnia Strategy LLP.
Without going into the reasons why the Ministry of Finance, while listing the participants in this arbitration, who prevented the State of Montenegro from suffering a certain amount of damage of close to 100 million euros, in the last place listed the one who is most deserving of this success, which is the law firm Omnia strategy LLP of Mrs. Chery Blair whose seat is in London, we consider it appropriate to inform the public that a very significant contribution to this great legal success was made by our office "Velimirović i partners" from Podgorica, which was not even mentioned in the announcement of the Ministry of Finance.
Namely, our office was chosen by our London colleagues as a local legal partner and advisor in this complex arbitration procedure, and as such we participated in the procedure from beginning to end. Our lawyers participated in both rounds of submissions mentioned by the Ministry of Finance, and they also directly participated and were heard during the arbitration in Paris, in addition to hiring lawyers from our Office, we also hired professors of constitutional law and judges of the Constitutional Court who contributed their expert opinions to this great legal
Finally, this is an opportunity to express our regret that, despite this success, the law firm Omnia strategy LLP was not chosen as the legal representative of the state of Montenegro in the arbitration proceedings initiated against it by the Atlas group of Duško Knežević, because the old rule is that the winning team should not change", writes in the reaction of the law office "Velimirović i partners".
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