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Saipem Contracting Algérie: court orders fine of €34,000


Published Feb 4, 2016
Saipem-2

The Court of Algiers has passed sentence in the first instance of the “Sonatrach 1” trial involving Saipem Contracting Algérie, a Saipem Group company registered in Algeria, in relation to the bid procedure for the award in 2009 of the GK3 contract. Specifically, the Court:

  • ordered Saipem Contracting Algérie to pay a fine equivalent to approximately €34,000 for allegedly “inflating prices on contracts awarded by a public company engaged in industrial and commercial activities, taking advantage of the authority or influence of representatives of said company”, an offence punishable under Algerian law; and

Tags: Saipem




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