Seven billion people suing the city of MKB Bank 2012
The CCS investment of 25 million euros - current prices for more than seven billion - and interest payment of MKB Bank filed a lawsuit against the government in Budapest the Metropolitan Tribunal.
The Budapest Stock Exchange Communication published on the website of the bank, wrote that the lawsuit Porto Investment Hungary Kft agreement entered into by the local government started to pay a firm commitment basis.
The Porto Investment Hungary Ltd. Pest side of the warehouses for cultural projects it has launched an investor. The facility was originally in August 2010 would have had to pass. Snow days now finished, but the Porto Investment, the contractor and the government could not have been more open discussion.
The Public Investment, Porto won the competition for investment and public-private partnerships for 25 years operated on the right. EUR 28.4 million in loans from the MKB Bank to invest 30.8 million euros. The capital management in January 2011 started to investigate the investment, among other things, criticizing the failure to comply with the deadline. Once the investor has not paid the late penalty - saying that cases of force majeure delayed its completion - the capital city of 3.9 million bank guarantee exercised in full. Then the investor 2011th August 31, terminated the service contract with the Municipality.
The Municipal Assembly last September in closed session authorized Tarlós Stephen Mayor, to take the legal action by the investor in CCS resigned from the contract of service per claim by way of enforcement.
In late February the Municipal Assembly was again dealt with the case, but the submission was withdrawn. The news then was that the amendment is that the CET is not fully implemented, as agreed in the contract the contractor, and the differences and deficiencies "remedied" the recovery is not possible.
The Budapest Stock Exchange Communication published on the website of the bank, wrote that the lawsuit Porto Investment Hungary Kft agreement entered into by the local government started to pay a firm commitment basis.
The Porto Investment Hungary Ltd. Pest side of the warehouses for cultural projects it has launched an investor. The facility was originally in August 2010 would have had to pass. Snow days now finished, but the Porto Investment, the contractor and the government could not have been more open discussion.
The Public Investment, Porto won the competition for investment and public-private partnerships for 25 years operated on the right. EUR 28.4 million in loans from the MKB Bank to invest 30.8 million euros. The capital management in January 2011 started to investigate the investment, among other things, criticizing the failure to comply with the deadline. Once the investor has not paid the late penalty - saying that cases of force majeure delayed its completion - the capital city of 3.9 million bank guarantee exercised in full. Then the investor 2011th August 31, terminated the service contract with the Municipality.
The Municipal Assembly last September in closed session authorized Tarlós Stephen Mayor, to take the legal action by the investor in CCS resigned from the contract of service per claim by way of enforcement.
In late February the Municipal Assembly was again dealt with the case, but the submission was withdrawn. The news then was that the amendment is that the CET is not fully implemented, as agreed in the contract the contractor, and the differences and deficiencies "remedied" the recovery is not possible.
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