Houston talk. Take it with you.Free KSEV Radio appGet for iPhoneGet for Android
Skip to content
KSEV 700 AM KSEV 700 AMThe Voice of Texas

FROM SRN NEWS

Belgian court sets aside Pfizer-linked seizure of Polish air traffic funds

SHARE X Facebook

WARSAW, Nov 12 (Reuters) – A Belgian court has set aside an order that deprived the agency that runs Poland’s air traffic control of fees equivalent to over 80% of its income after Pfizer sued Poland for payment for COVID-19 vaccines.

• The seizure was made in connection with a Belgian court ruling in an ongoing dispute brought by Pfizer against Poland over €1.3 billion ($1.4 billion) in payments

• The Polish Air Navigation Services Agency objected to the seizure

• The PANSA in a statement on Thursday said it had received a ruling from a court of first instance in Brussels that found its objection was “well-founded” and set aside a court order dated June 25

• The decision is favourable to the PANSA, but the judgment is not final, it added

• In comments on Thursday, Pfizer referred to a court ruling in April that it said confirmed “the importance of the contractual obligations that underpinned Europe’s successful pandemic response”

• It said Thursday’s decision relates only to one avenue of enforcement of that judgment

• “We are taking appropriate steps through established legal and contractual mechanisms to ensure compliance with the court’s decision,” it said, referring to the April ruling.

• Poland’s Health Ministry also issued a statement, saying the court confirmed the funds from “en-route charges” belonged to PANSA and not to the Polish treasury.

• “It is not liable for the obligations of the state treasury; therefore, its funds cannot be used to satisfy Pfizer’s claims against Poland,” the statement said.

($1 = 0.9027 euros)

(Reporting by Anna Koper; Editing by Barbara Lewis)

Brought to you by www.srnnews.com

SRN News — View the original story at SRNNews.com.

LIVE KSEV Mornings with Craig and Wayne Tap play to listen
0:00 0:00
Show