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EU Court Halves Judiciary Row Daily Fine

POLAND

The Vice-President of the Court of Justice of the EU (CJEU) has halved the daily fine on Poland relating to Warsaw's refusal to suspend a disciplinary measure for the judiciary known as the 'muzzle law'. Poland will now be fined EUR500k per day rather than EUR1mn per day. The fine was originally imposed in October 2021, and in November of 2022 the Polish gov'tofficially requested that the fine be suspended.

  • Polish European Affairs Minister Szymon Szynkowski vel Sęk claimed that the fine should be suspended as “new legal circumstances” and “the CJEU judgment has been implemented.”
  • The Polish gov't is in a race to secure EUR75bnof EU funding, both in the form of Recovery and Resilience Facility funds, and Cohesion Funds under the long-term EU budget. The parliament has passed legislation intended to roll back some of the controversial judicial reforms, but a judicial review forced by President Andrzej Duda has held up the process.
EM BulletHomepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletEmerging Market News
EM BulletHomepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletEmerging Market News

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