Parliament onto CME case
A Parliament commission is to ascertain who is responsible for the Czech Republic's lost arbitration with the Bermuda based media company CME, resulting in a ten billion crown fine for the country. An international arbitration procedure and a Swedish court of appeal both ruled that the Czech Republic had damaged CME by failing to protect its investment in private TV Nova. CME helped to launch the station in the early 90s but was later sidelined by its management. The man who is believed to have been behind the operation, TV Nova's former general director Vladimir Zelezny was sacked last week by the television's new owners. Zelezny claims that he acted within the bounds of the law.