Slovakia does not have to compensate the Union private health insurer

The German Supreme Court dismissed the original arbitration decision against Slovakia concerning the ban on health-insurance companies’ profits.

(Source: Sme archive)

Slovakia has definitely won its legal dispute with the Dutch company Achmea B. V., the shareholder of the private health insurer, Union, concerning the ban on health-insurance companies’ profits. This was the verdict issued by the German Supreme Court which turned down the original ruling of the arbitration court.

As a result, Slovakia does not have to pay damage compensation of around €22 million to Achmea, the Finance Ministry informed.

What is the case about?

Achmea B. V. sued Slovakia in October 2008, demanding the country pay €22 million as a result of the so-called ban on health-insurance companies’ profits during the first government of Prime Minister Robert Fico in 2007. According to the company, the ban was at odds with their bilateral investment agreement, the TASR newswire reported.

Read also:Slovakia payment to Dutch company overturned Read more 

The arbitration court issued a verdict in December 2012, stating that the Slovak Republic violated its international contract, but Slovakia appealed this with the Higher Land Court in Frankfurt. After it refused the appeal, the country turned to the German Supreme Court.

Apart from Achmea B. V., the Austrian EURAM Bank AG and Dutch HICEE B.V. also asked for compensation from Slovakia. However, the country also won in these cases.

Moreover, when Achmea B. V. contested the Slovak intention to introduce the system of a single, state-owned health insurer, the country won the international investment arbitration proceeding as well, TASR reported.

Top stories

Ahmedur Rashid Chowdhury (aka Tutul)

Bratislava reminds me of Bangladesh, says exiled writer

Ahmedur Rashid Chowdhury calls on the Slovak capital to help exiled writers and artists work through their trauma.


5 h

News digest: Fear of Covid vaccines behind low vaccination rate in Slovakia

PM does not expect national emergency to be declared. Romania toughens up rules for incomers from Slovakia. President will present her state of the republic address.


18 h
Most Slovak believe that “we” should also include foreigners, although they are quick to point out that efforts to integrate should be undertaken mainly by the foreigners themselves.

What Slovaks shouldn’t forget when they dream of the perfect foreigner

Bratislava’s mayor is right that integration is a two-way street, but even the capital still has some way to go to see foreigners as residents rather than just visitors.


22 h
Trenčianske Teplice and its surroundings

Illusion and bravery of the White deer: Trenčianske Teplice loop

Visit one of the oldest and most beautiful spas in Slovakia and discover the surrounding Strážovské vrchy mountains.


27. sep
Skryť Close ad