Lelo Leaders Lose Another Legal Dispute Over Anaklia Port
According to the Ministry of Justice of Georgia, Lelo party leaders Mamuka Khazaradze and Badri Japaridze have lost another legal dispute in the Washington arbitration concerning the Anaklia Port case. The ministry stated that the World Bank's International Center for Settlement of Investment Disputes (ICSID) issued a decision that fully satisfied the Georgian government’s position. The ruling confirmed that the failure to implement the Anaklia Port project was entirely the responsibility of Mamuka Khazaradze, Badri Japaridze, and their partners, with no interference from the Georgian government.
The Arbitration Tribunal fully accepted the legal arguments presented by the Georgian Ministry of Justice. It determined that the investor was solely responsible for financing the project and failed to raise the necessary funds for their own reasons. The tribunal also found that the investor was the sole bearer of the project's commercial risk and that the government's termination of the contract was lawful, as the investor had repeatedly missed the deadlines for securing financing. The ruling acknowledged that the state had consistently supported the Anaklia project during the contract period, that the legality of the money laundering prosecution against Khazaradze and Japaridze was not questioned, and that the state did not interfere with the Anaklia Development Consortium's efforts to attract investors.
Within the same dispute, the partners' Dutch associate, Bob Meyer, had demanded $64 million in payment. However, the arbitration rejected all his claims and instead ordered him to pay $6.5 million to the Georgian government. The ministry also noted that this follows a similar ruling a year ago in the Paris arbitration, where the Anaklia consortium's demand for $1.5 billion from the state was rejected. In that case, the consortium was ordered to pay $650,000 to the state, an amount which Khazaradze and Japaridze paid without appeal, thereby, according to the ministry, admitting their fault in the project's failure.
Separately, Georgia’s Parliament Speaker Shalva Papuashvili commented on the ruling on Facebook, stating, "They failed to build the port and came to destroy their own country. They demanded $1.5 billion from the pockets of citizens, but they had to return $7.1 million to the budget themselves." Papuashvili referenced a prior "scam" that ended with a court verdict for the fraudulent theft of $17 million from a bank, for which Khazaradze and Japaridze were sentenced to seven years each. He also criticized the Alliance of Liberals and Democrats for Europe (ALDE) for accepting them as members, calling it "a good indication of the morality of this alliance." He questioned whether ALDE would retain them as members, stating that otherwise, it would confirm “suspicions in society that Khazaradze and Japaridze simply bought their ALDE membership.”
See Also
Pashinyan and Mirzoyan Visit Georgia for Talks on Strategic Cooperation
Armenian Parliament Debates Transport Issues, Regional Projects, And Security Policy
Armenia Warns That Iran Tensions Are Negatively Affecting South Caucasus Development
Bulgaria Secures Nearly 40% Of Gas Demand Through Azerbaijan Deal