Next court with the Union can paid us dearly

Thursday, 13. December 2012, 13:37

Continuing lawsuits with shareholders of Union Health Insurance Company may come too expensive for Slovakia. The government wants to get this case on the European Court of Justice, as the state failed on arbitration in the case ban on profit and Slovakia has to pay € 22 million. The European Court of Justice may, however, levy a much higher fine. According to Martin Kluch of the law firm Hamala Kluch Víglaský, force the dispute further may involve that the state ultimately lose much more money. He considered the current verdict as a partial victory for Slovakia, as a shareholder of the Union, the Dutch company Achmea, demanded as compensation more than 100 million euros.