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July 6th, 2008
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Law Review

News & Notes

April 30th, 2008 issue

REJECTED An arbitration court has rejected two suits brought by the Finance Ministry against ČSOB, one of the country’s largest banks, the business daily E15 reported April 24. The ruling means that the bank will not have to return 123 million Kč ($7.9 milion) to the state, which the government claimed it was owed in dealings connected to its bailout of the failed bank IPB, subsequently sold to ČSOB.

ARBITRATION The Czech Republic has paid a total of 1.2 billion Kč for legal services connected to arbitrations, paying 105 million Kč last year alone, the Czech News Agency reported April 28. Most of these expenses resulted from the two largest arbitration suits, disputes with CME/Nova and the Japanese bank Nomura. The former reportedly cost the state 432 million Kč while the latter cost over 500 million Kč.
ANNULLED The Supreme Court has annulled a 1970 verdict convicting the dissident and Protestant minister Jan Šimsa of attacking a secret police agent searching his home. Šimsa, 78, welcomed the ruling, which was announced April 24, and said he was not angry at the agents who sent him to prison. The Supreme Court had refused to reopen Šimsa’s case, but the Constitutional Court then ordered it reopened.
SPECULATORS In a win against land speculators, the Constitutional Court has ruled that Karel Wimětal must return to the state land bought around Cheb, northwest Bohemia, the news server Aktuálně.cz reported April 24. The Land Fund sold the disputed area to Wimětal during its disastrous “special regime,” which was briefly adopted in 2005. The fund demanded the disputed real estate back, once it found that Wimětal had sold the property to speculators.


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