Quality as a Strategy for the Development of Competitive Advantages in the health Institutions for Achieving Business Success. V alerij Dermol, I nternational Schoo l fo r Social a nd Bus. I N V I T A T I O N for the 31th International Tournament 'Trophy Adriatic', Greco-Roman style for Seniors. ZELENA LAGUNA, HOTEL COMPLEX, Porec Address of the Organising Committee. ROMANIA, RUSSIA, SERBIA, SLOVAKIA, SLOVENIA, SPAIN, SWEDEN, SWITZERLAND, TURKEY, UKRAINE TERMS OF PARTICIPATION.
(Officebuilding in Indjija)Belgium companiesEnergo-Zelena and Zelena submitted the Request for Arbitration against Republicof Serbia to International Center for Settlement of Investment Disputes inWashington DC (ICSID). They have been forced to take these measures due tosystematic omission of Republic of Serbia to enforce its own legislation ontreatment of animal by-products thus jeopardizing viability of Energo-Zelena’soperations in Serbia.
The Board of Directors also decided to suspend theoperations of its Indjija based plant that is the only rendering facility fortreatment of hazardous ABP in Serbia fully compliant with the Serbian legislation.Companies Energo-Zelenad.o.o. And Zelena N.V. Energo-Zelenatried to resolve this dispute amicably.
On 28 March 2014,it sent the Notice of Submission of Investment Dispute to Amicable SettlementNegotiations to the highest authorities in Serbia. However, despite theinvestor's continued devotion to cooperation and finding an amicable solution,it faced a series of empty promises, continued flagrant breaches of the law andan obvious lack of good intentions from Serbia's side. As a result,the investor submitted the Request for Arbitration to ICSID on October 24, 2014which was registered and published on ICSID's website on November 7, 2014.To mitigate further losses,the Board of Directors decided to suspend all Energo-Zelena’s activitiesrelated to ABP collection and treatment as of November 29, 2014 and toultimately close the plant in Indjija by the end of December this year. Untilend of December, all 43 employees of Energo-Zelena will remain employed. Inearly November, Energo-Zelena informed the Veterinary Directorate and the Headof the Veterinary Inspection about its plans and the timing, providing in thisway additional two months’ time for amicable settlement of present disputewithout irreversible consequences.- “CompanyEnergo-Zelena and its Belgium shareholder Zelena N.V.
Are committed to theSerbian market. We initially invested EUR 21.5 million in a state-of-artrendering plant for treatment of hazardous ABP with intention to establishlong-term business and create viable business partnerships and relations inSerbia. The best example of our commitment was unselfish support of our Companyand our employees during the floods when we supported the Government of Serbiaand Bosnia and Herzegovina in fighting the consequences of devastating floods.However, our company, which operates the only rendering plant for treatment of hazardousABP that is fully compliant with Serbian legislation, has been continuouslyexposed to unfair competition and blatant discrimination. When we enteredSerbian market we expected the Serbian state to implement its own legislation.This is not happening in practice, the opposite is true: as foreign directinvestors we have been continuously discriminated. As a result our investment is severely jeopardized and thecompany is operating with substantial loss. We are deeply disappointed with theinvestment climate in Serbia and the unwillingness of the Serbian Government torespect its own law and to establish a constructive dialogue in order to find asolution for the problem.
We started international arbitration beforeInternational Centre for Settlement of Investment Disputes in Washington DC as itis the only way to protect our investment”, says Tom Hanson, Director ofEnergo-Zelena.