Eolo filed a lawsuit against the Municipality of Rivas at the Contentious Administrative Court regarding property tax assessment. The Municipality is precluded from enforcing the tax assessment due to a guarantee rendered by Eolo. The financial statements as of March 31, 2015, do not contain a provision for this matter. Additionally, a Stock Purchase Agreement was signed on June 12, 2015, for the sale of a 100% interest in the Company's upstream shareholder, subject to conditions.
documents/vol00010-efta01366928-pdf.pdf
{"document_date":"2014-05-28","document_type":"legal","key_locations":["Rivas"],"document_subtype":"lawsuit","key_organizations":["Eolo","Municipality of Rivas","Globeleq Holdings (Americas Renewables) Limited","Mesoamerica Power Limited","SunEdison","Globeleq Mesoamerica Energy (Wind) Limited"],"reference_numbers":["DB-SDNY-0058456","SDNY_GM_00204640","EFTA01366928"]}