Covec to Face 200 Mln Euro Claim for Violating Polish Highway Contracts
(Warsaw) -- Polish authorities are seeking 200 million euros in compensation from China Overseas Engineering Group Co. (Covec) for reneging on a major highway construction contract, Caixin learnt from Poland's road authority.
In an interview with Caixin on September 16, General Directorate for National Roads and Highways (GDDKiA) Legal Director Jakub Troszynski said the claim includes four months of projected toll losses due to delayed road construction, plus a 10 percent fine.
|(Construction site of Poland's A2 Highway. Polish authorities terminated the road contact with Covec in June/ Reuters)|
Troszynski said GDDKiA has employed Chinese lawyers in preparation to file a lawsuit against Covec in China or Poland.
- The Euro Currency Pain Will Remain for Chinese Exporters
- Caixin Media Statement
- Making an Exit
- New Property Policies Give Boost to Main Stock Indexes
- Rhodes Scholar Program to Pick Chinese Recipients for First Time
- Caixin Pledges to Defend Hu Shuli's Reputation
- The Week in Photos: March 21-27
- Central Gov't Indicates Developers Can Build Bigger Homes
- Military-Linked Hospital Allows Fake Doctor to Practice
- Rates on Hold as Fed Bows to Wall Street and Washington
- Sign up to receive our free daily newsletter
- Kissinger: China, U.S. Must 'Lead in Cooperation'
- Yuan and Gold: Old Enemies Should Finally Become Friends
- Tycoon Said to Bring Down a Deputy Mayor, Control Key Beijing Land Deal
- Saudi Aramco's Supply to China Potentially Doubling
- Reinventing the Bicycle in Beijing
- Confucius and the World He Created
- Who Is Prince Qing?
- Sinophobia: Anxiety, Violence, and the Making of Mongolian Identity
- Ex-Police Chief Held for Murder Said to Be Linked to Graft Case
- Shrewd Smiles as Online Bankers Test New Tech