Croatian Arms Dealer Loses Court Battle against Croatia in Arms Deal Trial
February 8th, 2008
Zagreb, February 8 (CP) – Former Croatian arms dealer Zvonko Zubak who sued Croatia for $200 million plus interest claiming he was never paid for the S-300 rocket system he had supplied Croatia with back in 1995.
Had Zubak not lost the court case, this would have been the priciest ruling in the history of the Croatian judiciary and the budget would have suffered the hardest blow yet.
Not only has Zubak lost the court proceedings, but he will also have to cover € 1 million in court fees.
The expired statute of limitations was the reason given for the court case to finally be thrown out after years of legal rengling.
News Info: News in Business, Politics, Society, Tagged: arms, Croatia, deal, S-300, zubak
Previous News: Croatia To Seek €30 Mln in Damages in Turkish Ship Incident »
Next News: World Bank 2008 Outlook for Croatia: Economy Growth set at 4.5 Pct; Inflation at 6 Pct »
Latest Croatia News
- Body Found in the Sea Beneath the Historic Dubrovnik Walls Might Be that of Young Australian
- No New Clues in the Brutal Murder of Zagorec Solicitor’s Daughter
- Croatian Minister Roncevic To Face Questioning by Anti-corruption Agency over Truck Procurement
- Pula and Belgrade To Be Linked by Serbian Jat Airlines during Summer
- Protected Witness Testifies in the Gotovina, Cermak and Markac ICTY Trial
- The Croatian Intelligence Agency Launches Website
- Zagreb Pride March To Be Held for the Seventh Time
- Croatian Football Association Fined €60,000 for Croatian Supporters’ Inappropriate Conduct
- Zagreb: Construction Worker Dead after Metal Tube Falls on His Head
- Eurobarometer: A Third of Croats Believe EU Membership To Be Positive, but a Quarter See it as Bad for Croatia
