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According to the decision of the responsible arbitration court, autoTicket GmbH is entitled to damages and reimbursement of expenses, as the two companies announced.
After termination of the operator contract for the levying of the infrastructure fee (“car toll”) in Germany, autoTicket GmbH asserted claims for compensation of around 560 million euros against the Federal Republic of Germany.
The arbitral tribunal confirmed that the claims asserted by autoTicket GmbH in the arbitration proceedings for compensation for the gross company value and for reimbursement of the costs incurred through the execution of the operator contract exist on the merits, it said. The Federal Republic of Germany, represented by the Federal Ministry of Transport and Digital Infrastructure, is therefore not allowed to withdraw from the contract unilaterally and without compensation. The arbitral award also rejected the grounds for termination of poor performance alleged by the Federal Republic.
This completes the first phase of the two-stage arbitration proceedings. In the second phase that now follows, the amount of the claim will be decided.
In after-hours Tradegate trading, the CTS Eventim share temporarily rose by 2.92 percent to EUR 62.00.
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