Failure to perform its obligations by Liglass Trading on payment of $ 37 million in due time is the basis for termination of the investment agreement. The Government of Kyrgyzstan reported.
According to the
«Liglass turned to the Cabinet with a request to extend the period of transfer of funds according to the investment agreement, referring to force majeure, in fact recognizing that by September 19 it is not able to fulfill its obligations. Accordingly, it is indisputable that the Czech company has failed to fulfill its obligations. In this regard, the Government of the
It is puzzling that the Czech company refers to force majeure circumstances in fulfilling its obligations to pay monetary sum. The agreement does not provide for force majeure circumstances and they not apply to obligations to pay money.Press Service of the Government of the Kyrgyz Republic
The company itself, recall, threatens