CEZ A.S.

Legal Proceedings Report • Sep 22, 2017

I n t e r n a l I n f o r m a t i o n

The litigation with the SŽDC was returned to further proceedings

A litigation for damages for contracted but not delivered electricity in 2010 was decided in the second instance proceedings of the High Court in Prague in 2015 in favour of ČEZ. SŽDC filed an appeal to the Supreme Court, which did not have a suspensive effect on the payment of the obligatory amounts.

SŽDC thus paid 1.13 billion crowns to ČEZ. The Supreme Court has now by its decision annulled the two judgments in question (the judgement of the High Court in Prague as well as the judgment of the Municipal Court in Prague) and returned the case to the Municipal Court in Prague for further proceedings.