Real estate project in Monaco: an entrepreneur claims 164 million euros from the principality before the ECHR. The principality had considered building a museum and shops on the port of Monaco, a major project entrusted to “Caroli Immo” But when he requested the money from the Monegasque state, the latter did not respond, demonstrating “its desire not to pay”, according to the request.
This request comes against the backdrop of a battle for market share in real estate construction in Monaco, with the Pastor company seeing its predominance challenged by its main competitors.