The court ordered the attachment of Slovak assets

Wednesday, 05. June 2013, 22:19

The Luxembourg court regulated the attachment of Slovak assets in the amount of € 29.5 million. The money that is presently on multiple accounts in Luxembourg banks should be put in a special account, where stay out of the reach of the Slovak Republic. Execution applied Netherlands company Achmea, owner of health insurance company Union, after it has won the arbitral tribunal with the Slovakia in December 2012 due to prohibition on profits. Ministry of Finance argues that the state does not miss the money, until it is just “locked”, money still belongs to Slovakia. Slovakia requested the annulment of the arbitral tribunal in Germany, but tribunal has not decided yet.