Slovakia did not succeed in front of German court

Sunday, 01. December 2013, 23:50

German court did not prove right the Slovak opinion when it confirmed that the arbitrage court did not have the competence. Up till now it is in force that government has to pay for the damage stemming from the prohibition of paying out the profit of private insurance companies from the times of first Fico’s government. The highest court of Germany will not deal with the request of Slovakia about judging the competency of arbitrage court which decided about the reimbursement of the owner of private insurance company Union. Hence Slovakia is one step closer to paying 22 million euros as the damages and 3 million for the court costs to the owner of insurance company, Dutch corporation Achmea. According to the decision both sides now have one month to make a statement about it.