PragueConnect.cz - Economy

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Czech Republic wins arbitration against Forminster Enterprises Limited

The Ministry of Finance of the Czech Republic (MF) said that the Czech Republic won an international arbitration against Forminster Enterprises Limited. The company wanted the Czech Republic to pay compensation in the amount of CZK 802m due to an alleged damage of its investment in the company KOTVA. Czech Minister of Finance Andrej Babiš (ANO) said that the Czech Republic was represented by an internal team of the ministry without any aid from external lawyers. Mr. Babiš said that the team has recently achieved a successful completion of two international arbitrations against British investors.

Source: www.cianews.cz

 
 
 
 

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