USA to crush Turkmenistan's economy with a billion-dollar lawsuit

http://english.pravda.ru/world/20/92/373/15165_turkmenistan.html

USA's largest enterprises still work in the impoverished post-Soviet state

An American court is currently pending a billion-dollar lawsuit against the government of the former Soviet republic of Turkmenistan. The sum of the lawsuit is equal to one-third of the annual export of Turkmenistan.

Turkmenistan is already used to legal disputes with Western companies. The sum of the current lawsuit, however, makes the latest occurrence an outstanding event in the practice. The US company Lybra International Holding Group Corp. is suing the Agricultural Ministry of Turkmenistan in the Columbia DC federal court. According to the claimant, the problem occurred over the ministry's debt on 1992 contracts to deliver equipment and technologies for two sugar-making plants. Turkmenistan was supposed to pay a certain part of the services with cotton, although there were no deliveries made. Lybra addressed to the Liverpool Cotton Association - the major international center for cotton traders. It is noteworthy that over 60 percent of all cotton-related purchase and sale deals are based on LCA's commercial rules. The association, however, did not look into the matter, because Turkmenistan had been expelled from the LCA because of its unwillingness to execute one of the previous decisions of the association.

In addition to the above-mentioned litigation, Lybra initiated a complaint from the US Department of State in Turkmenistan's governmental structures. The lawsuit is evaluated at 1 153 196 280 000 US dollars, including one billion dollars of punitive damages
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USA's largest companies, such as American Airlines, Bell Hellicopter - Textron, Boeing, Caterpillar, General Electric, Halliburton, ITT, Mobil Oil, Motorola, Sikorski Aircraft, Ford Motors Corporation, conduct their activities in Turkmenistan. It is an open secret that huge corporations have a rich experience of working in authoritarian countries, in the Middle East, first and foremost. Powerful corporations can easily reach out for high-ranking officials, with whom they settle all disputes and sign business contracts. Advisors of such enterprises may often represent the local elite, experts say.

more...

The US companies are just abusing these countries to death!!!

googled for a website and searched sec.gov
with no luck

... is the only one of the `stans which has resisted the US desire to build bases there, and is a prime location for the gas pipeline from the Caspian.

Turkmenistan has lots of relations with the Russians, especially through Gazprom, and they probably want to maintain them. US pressure to put down US troops in the country might be behind this legal move.

and international law when it comes to these contract disputes with other countries, or copyright infringement.

...of lawsuits among the corporate harpies.

huge corporate ones. They are only against lawsuits when these corporations are defendants.

this is a creature that has come out of hiding -- and is finding new ways to exploit it's environment.

this should really scare people.

afghanistan and probably the reason AWOL bush ordered 9/11 to happen. It got us into the middle east with guns a blazin'.