Areva Can’t Shake Ban From $10B Czech Nuke Project

Law360, New York (February 25, 2013, 6:59 PM EST) -- Czech regulators on Monday affirmed a decision by CEZ AS, the country's main electric utility, to exclude French industrial conglomerate Areva SA from bidding for a contract to work on CEZ's $10 billion nuclear plant expansion after determining that the Czech firm did not break local procurement law.

CEZ made a decision in October to exclude Areva from bidding on the project, claiming the French firm had not met tendering conditions. Regulators ruled that CEZ did not break the Czech public procurement law, a ruling that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.