Threat of almost 2 billion crown compensation by Plzeň rejected by court

A court has ruled that the city of Plzeň does not have to pay a development company more than 1.85 billion crowns. The ruling was given Wednesday that compensation does not have to be offered to the company Amadeus whose plans for a large commercial centre in the city were rejected by a local referendum three years ago. The developer lodged a demand for compensation for the thwarted Corso America project in January 2015. It has a similar demand for compensation over a similar project with the city of Ostrava.

Author: Chris Johnstone