The Japan Credit Rating Agency – JCR has today upgraded the credit rating of the Czech Republic.

Standard & Poor’s, one of the most important international rating agencies, has in its latest rating confirmed the excellent credit rating of the Czech Republic at AA for local currency and AA- for foreign currency.

Claimant argued in arbitration proceedings that employees of the regional branches of Labour Office of the Czech Republic unlawfully provided product information to its competitors and thus damaged Claimant’s business in the Czech Republic as well as the value of its know-how.