Slovakia appeals Achmea verdict

Slovakia had submitted a proposal with a court in Frankfurt to abrogate a verdict based on which the country has to pay €25 million in compensation to the Dutch firm Achmea, which owns the private health insurer Union, the TASR newswire reported on January 5.

Slovakia had submitted a proposal with a court in Frankfurt to abrogate a verdict based on which the country has to pay €25 million in compensation to the Dutch firm Achmea, which owns the private health insurer Union, the TASR newswire reported on January 5.

“There were more reasons behind the proposal to abrogate the verdict: for instance, the fact that the agreement on support and mutual protection of investments is invalid, the arbitration tribunal made an extra-jurisdictional decision and also the act of recognising or carrying out the decision would violate public order,” said the Slovak Finance Ministry representatives who filed the proposal, as quoted by TASR.

Slovakia lost its long-running legal dispute with Achmea in December 2012. An international tribunal ruled that the state must pay Achmea compensation for the damage caused by a ban on profits for health insurers instituted by the first Fico government (2006-10). Prime Minister Robert Fico said in December 2012 that the verdict was not valid and that “no one is going to pay anything”, TASR wrote.

Source: TASR

For more information about this story please see: Slovakia owes Achmea millions, court rules

Compiled by Radka Minarechová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Is the state aware of the Orwellian dimensions of the surveillance of journalists?

Our paranoias have come to life. Surveillance of journalists is unacceptable in a democracy.

Murdered journalist Ján Kuciak was surveiled, too.

Free events for the whole family. Bratislava City Days have started

The history of the April celebrations dates back to the 13th century.

Original charter issued by Andrew III granting municipal privileges to Bratislava.

Bratislava will host the first technology festival

Apart from technology novelties, visitors will find the biggest game zone on the Danube embankment.