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Croatia to Challenge UN Tribunal Ruling on INA-Mol Row

  • Croatia also seeks to void agreement with Mol on gas business
  • Talks with Mol on INA buyback will be halted: Croat premier

Croatia will challenge a 2016 ruling by the United Nations trade tribunal that upheld a deal that gave control of its main energy company INA Industrija Nafte d.d. to Hungary’s Mol Nyrt.

“We will seek a revision against the arbitration decision at the Swiss federal court,” Prime Minister Andrej Plenkovic told cabinet in Zagreb on Thursday. “It is our duty as the government to start a legal procedure.”