Petroleum Company And Albania Agree To Hire Tax Expert, Suspend ICC Case

(February 25, 2016, 12:52 PM EST) -- CALGARY, Alberta — A Canadian petroleum company on Feb. 24 announced that the Government of Albania has signed an agreement that will resolve a tax dispute and will end arbitration before the International Chamber of Commerce (ICC) International Court of Arbitration.

Bankers Petroleum Ltd. said in a news release that the Minister of Energy and Industry, Albanian National Agency for Natural Resources (AKBN), and Bankers signed a formal agreement for the appointment of an international expert audit team. The team was obtained to review Bankers' 2011...
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