Seismic fine|One of the main banks in Czechia, ČSOB, this week lost a years-long legal dispute against a paper company called ICEC-Holding. It must now pay a hefty CZK 3.7 billion in compensation. The affair began in 1999, when ICEC-Holding sued a company that was later acquired by ČSOB, causing the bank to inherit the legal dispute. Novinky.cz writes that a “breach of contractual obligations” – namely the illegal acquisition of a paper mill in the 1990s – led to the case going to court. For context, ČSOB posted a profit of CZK 14.3 billion last year.