State won one of the arbitrations

Tuesday, 03. June 2014, 20:24

Slovakia won one of the arbitrations with the owner of health insurance company Union, the Dutch company Achmea. Achmea has appealed to the arbitral tribunal due to Robert Fico´s Government intention to introduce a single insurance company. Achmea argued that it is a violation of international treaties for the protection of investments. The Dutch company tried to avert the following purchase or expropriation of private insurance companies by state. How much Achmea sued Slovakia for, it is clear. The amount should Achmea quantified in further proceedings. The Dutch company now has to pay costs in the amount of 340 thousand euros and legal costs of Slovakia. The Ministry of Finance quantified these costs to over one million euros.