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TIRANA, June 13 – Arbitration disputes dating back to investment contracts signed two decades ago soon after the collapse of the country’s communist regime could pose a severe threat to Albania’s struggling public finances. The Albanian government approved this week a total of €2.2 million in payments to foreign law firms hired to defend Albania at U.S. and France arbitration courts in separate trials against Italian and Irish businessmen. The most pressing arbitration trial that the Albanian government faces is that against Italian businessman Francesco Becchetti over cancelled waste management and renewable energy projects in Albania whose construction dates back…
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