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Major Litigation Success for Voisin
6-5-2013
Major Litigation Success for Voisin
Voisin has recently recorded a significant success in the case of Pirrwitz -v- AI Airports International Limited (“AI”) and PI Power International Limited (“PI”). The action concerned a claim for non-payment of contractual exit fees on behalf of Mr Bjorn Pirrwitz, a Director of AI and PI. By way of background, AI invested in airports and airport related businesses in Europe and PI concentrated on power generating assets, with a particular focus on renewable energy across Europe. The combined value of assets under the management of the companies was estimated at €1.3 billion.
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