Konecna & Zacha has successfully represented the Statutory City of Ostrava in a dispute valued at over CZK 1.5 billion over its alleged frustration of the construction of a shopping center in that northeastern Czech city.
K&Z reports that the Regional Court in Ostrava, as a court of appeal, reversed the lower court’s judgment and dismissed the action against the city in its entirety. According to K&Z, although the long-standing and closely monitored dispute will be terminated with final and binding effect, it remains possible that "the plaintiff will seek review of the proceedings before the Supreme Court, however the inhabitants of Ostrava can sleep more quietly now.”
