Mistakes by Czech Republic led to large fine in arbitration case, says commission

A special lower house commission says the Czech Republic made several mistakes which led to the country having to pay out ten billion crowns (over 400 million US dollars) in an arbitration case; the Czech state was fined after being found guilty of not protecting the investment of a US company in TV Nova. Commission head Stanislav Krecek said it would be up to the state prosecutor to decide whether any charges were filed in connection with the costly mistakes.

Author: Ian Willoughby