The Supreme Court revoked an arbitration decision that condemned the Portuguese State to pay 23.5 million euros to CTT.
The State gets rid of the payment. CTT, in a statement, regrets the decision made in four months.
“The CTT deeply regrets this decision of the Supreme Administrative Court, and it should be noted that it was made in less than 4 months. This decision was rejected in relation to the first request,” Correios highlighted in a statement.
The arbitration court had ruled in favor of CTT, where the State and the company had gone after the unilateral extension of the concession contract after the pandemic. At that time, Pedro Nuno Santos was the minister in charge.
The ruling of the Arbitration Court of September 2023 condemned, “unanimously”, the State to pay CTT a total of 23,555,645 euros, as compensation for the effects of the pandemic on the operation of the Universal Postal service and to restore balance financial of the service. contract, which covers the year 2021, recalls the company.
Almost 6.8 million were intended to cover the “losses suffered by CTT in 2020, as it was understood that the pandemic constitutes an abnormal change in circumstances that had a negative impact on the execution of the Concession Contract.”
Furthermore, due to the unilateral extension of the contract by the State, more than 16.8 million would have to be paid.
Source: Observadora
