Vanco Delays Ukraine Arbitration Hearing for a Second Time
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Vanco Prykerchenska Ltd., a Black Sea oil exploration partnership, said it will postpone arbitration hearings with the government of Ukraine for a second time as the two sides seek a settlement over a disputed license.
“We are satisfied with the negotiation process,” Jim Bown, company president, said on its website today. “More time was needed to complete all the formalities and clarify all details related to the future amicable agreement.”