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CJEU Forces Poland To Pay EUR1mn/Day Over Judicial Reforms Ruling
The Court of Justice of the European Union (CJEU or Curia) has issued a ruling that fines the Polish gov't EUR1mn per day that it does not adhere to a previous ruling relating to judicial reforms enacted previously by the gov't in Warsaw.
- Link to ruling: https://curia.europa.eu/jcms/upload/docs/applicati...
- The court imposes the fine for as long as the disciplinary chamber of the Polish Supreme Court remains operational, in contravention of a previous EU ruling.
- This fine will sit on top of an existing EUR500k/day fine imposed for the continued operation of the Turrow coal mine in breach of an EU ruling.
- The European Commission has threated to restrict structural funding to Warsaw due to alleged breaches of the EU's rule of law standards. It is unclear whether these fines could be withdrawn from structural funding to Poland should the gov't refuse to pay.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.