Willem van Duin: Slovakia should pay asap

Monday, 17. December 2012, 10:40

Willem van Duin, chief of Achmea, thinks that for Slovakia would be most reasonable to pay for lose Arbitrage as soon as possible, because every month of delay must pay a penalty of 50-thousand euros. Slovakia, according to W. van Duin, could challenge only serious procedural violation, however, it has already tried to and did not succeed. Arbitral tribunal itself was chosen strictly by international rules Uncitral: one arbitrator was chosen by Slovakia, the second by Achmea and both of them chose the president of the court. As said van Duin, the decision was unanimous and he cannot imagine that Slovakia, as the rule of law and a member of EU, refused to pay.