The High Court has ordered a Polish telecoms company to put up €1.5 million in security for legal costs if it wants to challenge a €268 million arbitration award.
Telekomunikacja Polska SA (TPSA) was ordered to pay €268,052,448, plus interest and costs, to Danish Polish Telecommunication Group (DPTG) after an "exceedingly complex" nine-year arbitration in Vienna, Austria. DPTG has asked the Commercial Court to enforce the award in Ireland from TPSA's "telephone traffic" income of...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team