VILNIUS — After losing their shares in a brewery in Serbia, Lithuanian alcohol producer Alita said it wants friendly negotiations to take place, or it will approach international courts.

The Lithuanian company lost their shares in the company after Serbian courts ruled that they had not fulfilled their obligations and were therefore in breach of contract. Alita was supposed to invest €2.6 million into the [private_supervisor]Beogradska Industrija Piva brewery, but did not. Alita now want to recoup their initial investment.

In early April, Alita confirmed that the Serbs had nationalized the company.

The company wants to initiate formal negotiations to resolve the matter as soon as possible, the company told the Serbian government in a letter.

The letter states that there has been a breach of the principles set out by the council of ministers between the two countries that seek to protect bilateral investment.

The letter also made demands for reimbursement for sustained losses during the dispute, which Alita say the Serbian government is responsible for.

If the two parties could not resolve the issue within six months, they would go to the International Center for Settlement of Investment Disputes or try other dispute settlement arrangements.

The Serbian authorities say however that the if the issue were to be resolved, that Alita would need to make the investments spelled out in the contract.

Alita is not expecting the investment to come good, but they are hoping to recover as much of their investment as possible before washing their hands of the company. They want to agree on the recovery of the investment before going to court to avoid long delays and heavy legal costs.

In 2007 Alita and the Swedish company United Nordic Beverages bought 51.9 percent of the brewery for €21.4 million. [/private_supervisor] [private_subscription 1 month]Beogradska Industrija Piva brewery, but did not. Alita now want to recoup their initial investment.

In early April, Alita confirmed that the Serbs had nationalized the company.

The company wants to initiate formal negotiations to resolve the matter as soon as possible, the company told the Serbian government in a letter.

The letter states that there has been a breach of the principles set out by the council of ministers between the two countries that seek to protect bilateral investment.

The letter also made demands for reimbursement for sustained losses during the dispute, which Alita say the Serbian government is responsible for.

If the two parties could not resolve the issue within six months, they would go to the International Center for Settlement of Investment Disputes or try other dispute settlement arrangements.

The Serbian authorities say however that the if the issue were to be resolved, that Alita would need to make the investments spelled out in the contract.

Alita is not expecting the investment to come good, but they are hoping to recover as much of their investment as possible before washing their hands of the company. They want to agree on the recovery of the investment before going to court to avoid long delays and heavy legal costs.

In 2007 Alita and the Swedish company United Nordic Beverages bought 51.9 percent of the brewery for €21.4 million. [/private_subscription 1 month] [private_subscription 4 months]Beogradska Industrija Piva brewery, but did not. Alita now want to recoup their initial investment.

In early April, Alita confirmed that the Serbs had nationalized the company.

The company wants to initiate formal negotiations to resolve the matter as soon as possible, the company told the Serbian government in a letter.

The letter states that there has been a breach of the principles set out by the council of ministers between the two countries that seek to protect bilateral investment.

The letter also made demands for reimbursement for sustained losses during the dispute, which Alita say the Serbian government is responsible for.

If the two parties could not resolve the issue within six months, they would go to the International Center for Settlement of Investment Disputes or try other dispute settlement arrangements.

The Serbian authorities say however that the if the issue were to be resolved, that Alita would need to make the investments spelled out in the contract.

Alita is not expecting the investment to come good, but they are hoping to recover as much of their investment as possible before washing their hands of the company. They want to agree on the recovery of the investment before going to court to avoid long delays and heavy legal costs.

In 2007 Alita and the Swedish company United Nordic Beverages bought 51.9 percent of the brewery for €21.4 million. [/private_subscription 4 months] [private_subscription 1 year]Beogradska Industrija Piva brewery, but did not. Alita now want to recoup their initial investment.

In early April, Alita confirmed that the Serbs had nationalized the company.

The company wants to initiate formal negotiations to resolve the matter as soon as possible, the company told the Serbian government in a letter.

The letter states that there has been a breach of the principles set out by the council of ministers between the two countries that seek to protect bilateral investment.

The letter also made demands for reimbursement for sustained losses during the dispute, which Alita say the Serbian government is responsible for.

If the two parties could not resolve the issue within six months, they would go to the International Center for Settlement of Investment Disputes or try other dispute settlement arrangements.

The Serbian authorities say however that the if the issue were to be resolved, that Alita would need to make the investments spelled out in the contract.

Alita is not expecting the investment to come good, but they are hoping to recover as much of their investment as possible before washing their hands of the company. They want to agree on the recovery of the investment before going to court to avoid long delays and heavy legal costs.

In 2007 Alita and the Swedish company United Nordic Beverages bought 51.9 percent of the brewery for €21.4 million. [/private_subscription 1 year]

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