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Commissioners: 'A.Mittal's thesis is completely mystifying'

2020-01-21T10:58:46.464Z


Lawyers write in the memory that the consequences of the failure of the Indian group to fulfill their obligations are 'equal to 0.2% of the Italian GDP and 0.7% of the GDP of the South', that is 3.5 billion euros (ANSA)


ArcelorMittal's thesis of an "exact execution" of the lease contract of the Taranto plants "is completely mystifying" and leads to highlighting how the group "has never regularly fulfilled the contract and the level of its default has gradually increased as the counterparty understood its inability to manage the business units it took charge economically ". It can be read in the memory of replies filed by the Commissioners of the former Ilva in the context of civil litigation.

"The economic consequences triggered by the default of ArcelorMittal", that is "the failure of the project to preserve and relaunch the business branches", would lead "to an economic impact equal to a reduction of the GDP of 3.5 billion euros, equal to 0.2% of the Italian GDP and 0.7% of the GDP of the South "continue the lawyers of the commissioners of the former Ilva in the memorandum filed in the civil lawsuit underway in Milan on the farewell of the Franco-Indian group to the iron and steel pole with based in Taranto.

With the provision of the Court of Review of Taranto which last January 7 accepted the request for extension of the use of blast furnace 2 "proposed by Ilva and granted the terms required for the realization of the only missing prescription (.. .) in this way the assumption of most of the opposing arguments has already disappeared ". This is what we read in one of the first passages of the replication memoirs.

ArcelorMittal's claim that "the failure to extend the criminal shield over time would make it impossible to implement the environmental plan without incurring liability (including criminal) resulting from environmental problems inherited from previous management" is therefore not a mere mystification but rather a full-blown falsity ", it still reads in the reply memory.

"By trampling the agreements entered into and the obligations assumed", dissolving the contract, the damage created by ArcelorMittal would be "incalculable and concretely irreparable" with "widespread prejudices" against "the entire socio-economic fabric of the areas concerned". And the former Ilva in extraordinary administration "has neither the structure nor the means to react to" Mittal's "failure to mitigate the damage", added the lawyers of the commissioners in memory.

Source: ansa

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