Central European Aluminium Company

Montenegro's Economy Ministry said on Wednesday that the Arbitration Institute of the Stockholm Chamber of Commerce rejected the case for compensation brought by Oleg Deripaska, owner of the Central European Aluminium Company, CEAC.

The President of the European Commission, Jean-Claude Juncker, on Tuesday warned Montenegro that it risks bankruptcy if it loses an arbitration case with the Central European Aluminium Company, CEAC, which is seeking almost a billion euro in compensation for its alleged losses in the country.

Montenegro company is the centre of EU concern

Russian investors and Montenegro officials are heading to arbitration over an aluminium plant.

Kombinat Aluminijuma Podgorica has been bankrupt since 2013. [Kombinat Aluminijuma Podgorica]