A Luxembourg court has ruled against Norwegian in its case against Norway’s Ministry of Climate and Environment, over the settlement of an administrative penalty of NOK399,685,275 kroner (USD37.4 million) for failing to pay climate change charges.

The European Free Trade Association (EFTA) court ruled that the penalty may not be settled via a dividend during insolvency restructuring proceedings. The court ruled on a question referred to it by the Oslo District Court (Oslo ingress) regarding European Union directive (2003/87/EC) which…

Source: ch aviation
Read more: EFTA court rules against Norwegian over climate charge