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[BUSINESS] · North Macedonia · 2 sources

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Supreme Court overturns 32 million euro ruling against Public Housing Enterprise

The Supreme Court has overturned two rulings from the Commercial Court that required the Public Housing Enterprise (NPB) to pay more than 32 million euros to three private companies.

Faton Fetahu, the lawyer for the Public Housing Enterprise, stated that the original obligation posed a serious threat to the enterprise's existence and could have led to its bankruptcy. Fetahu described the Supreme Court's decision as a victory for the protection of public interest, noting that the ruling clarifies fundamental standards of civil procedure, the law of obligations, and liability for damages.

Entities

Commercial Court · Faton Fetahu · Public Housing Enterprise · Supreme Court