The FINANCIAL — The Anaklia Development Consortium (ADC) and Mr. Bob Meijer, one of its principal investors, on 29 July filed separate arbitration claims against Georgia in relation to their rights in the Anaklia Port Project. Together the two claims seek to recover the value of ADC’s and Mr. Meijer’s rights in the Project. The value of those rights is substantial, in excess of US$ 1.0 billion, according to statement released by ADC. As it became known during today’s press conference, Bob Meyer, one of the main investors, and Anaklia Development Consortium filed an independent arbitration lawsuit against Georgian on July 29.The…
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