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Bankers Petroleum reacts: We will take you to Arbitration, we do not accept interference in our work!

2025-07-22 14:11:44Aktualitet SHKRUAR NGA REDAKSIA VOX
Bankers Petroleum reacts: We will take you to Arbitration, we do not accept
PHOTO: “Bankers Petroleum”

" Bankers Petroleum " has officially reacted to the Prosecutor's Office's investigations into the executives of this company, who have been arrested for tax evasion.

In a statement to the media, Bankers says that the company is providing full legal support to all affected staff and guarantees full legal representation at every procedural stage, strongly supporting their right to a fair and impartial process.

Bankers also says that they are evaluating all international legal avenues, including proceedings before international investment and arbitration institutions, in order to protect its rights as a foreign investor and maintain the legal security of its operations.

Bankers says the company will continue to fulfill its contractual obligations and adhere to Albanian laws.

"We believe that neither the aforementioned mechanisms nor their promotion should replace the dialogue regarding the implementation of the final award issued in the aforementioned ICC arbitration, which we have long expressed our readiness to finalize and implement," the statement said.

Full reaction:

The company is following with concern the investigations into some of its current and former executives and employees. We would like to reiterate that the change of control to the current investors occurred in September 2016.

These developments come after months of surveillance of telephone communications and the seizure of personal and work items of some of our employees, carried out in circumstances that raise serious concerns about procedures and proportionality, culminating in restrictive measures against individuals and work equipment.

We reconfirm that:

· The agreements under which the Company operates in Albania, and the "cost recovery" system in those agreements, which is at the heart of this criminal investigation against the Company's directors and employees, were assessed in a final award issued by an ICC arbitration in 2024;

· However, the Company is fully cooperating with the competent Albanian investigative authorities;

· All employees have the right to be presumed innocent and have the right to independent and fair legal protection;

· The company is providing full legal support to all affected staff and guarantees full legal representation at every procedural stage, strongly supporting their right to a fair and impartial process.

Considering the potential impact that these developments may have on the integrity of its operations in Albania, the Company has engaged legal teams both in Albania and abroad to co-lead the legal defense, both domestically and before international arbitration bodies.

The Company is currently evaluating all available international legal avenues, including proceedings before international investment institutions and arbitration under the ICC Rules, in order to protect its rights as a foreign investor and maintain the legal certainty of its operations.

The company will continue to fulfill its contractual obligations and adhere to Albanian laws. We believe that neither the aforementioned mechanisms nor their instigation should replace the dialogue regarding the implementation of the final award issued in the aforementioned ICC arbitration, which we have long expressed our readiness to finalize and implement.

Our company will not accept any unjustified interference that harms its staff, their families, its reputation, or its long-term investment in the country.

In this challenging environment, our core team has demonstrated unity and professionalism, ensuring that the Company's operations continue without interruption.

We remain fully committed to our partners and all stakeholders by fulfilling our obligations with the same quality and reliability, to Albanian institutions and above all, to all our employees, who have served our mission with integrity and professionalism.


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