The country could face another round of arbitration because of the law that bans health insurance companies from using the profit they earn, the SITA newswire wrote.
The Dutch insurance company Eureko, a shareholder in Union Poisťovňa, may initiate arbitration proceedings after the six-month deadline for an amicable settlement expired.
Slovakia is already facing international arbitration with Dôvera’s Dutch shareholder, which offered an out-of-court settlement of Sk15 billion. In June, Prime Minister Robert Fico said he was looking forward to arbitration over the demands for billions in lost profit.
"We will never let them earn on money that was put into the system,” he said. SITA
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
17. Sep 2008 at 7:00