Corporate | 11 December 2009 14:19
Flughafen Wien AG / Miscellaneous
11.12.2009
Dissemination of a Corporate News, transmitted by
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The legal opinion on the responsibility of the Management Board for the
project 'VIE-Skylink Terminal Expansion' has now been received. 'The
Management Board acted in accordance with the requirements of this
particular situation and fulfilled its responsibilities. This legal opinion
indicates that the Management Board is not responsible for any damages',
reported Christoph Herbst, Chairman of the Supervisory Board of Flughafen
Wien AG on the opinion prepared by Univ. Prof. DDr. Waldemar Jud, a
recognised expert in civil and company law.
Univ. Prof. DDr. Jud, who was commissioned by Flughafen Wien AG to evaluate
the responsibility of the Management Board on the project 'Terminal
Expansion VIE-Skylink', came to the following conclusions in his legal
opinion:
The 'VIE-Skylink' is a highly complex major project that was designed from
the very beginning to allow for flexible reaction to changes in the
operating environment at any time. These types of large projects are unique
and carry an inherent risk connected with meeting technical, financial and
scheduling targets.
Forecasts prepared to date indicate that actual costs will exceed the
original estimates, despite the efforts of the Management Board of
Flughafen Wien AG. Since the project has not yet been completed and
construction is currently interrupted, forecasts cannot lead to a final
statement on the actual cost of this project.
The reasons for specific entrepreneurial decisions by the Management Board
during the realisation of the 'VIE-Skylink' project were described
understandably by an ex ante analysis. Furthermore, detailed research on
the circumstances related to the project identified compelling factual
reasons for the necessity of making entrepreneurial decisions.
An analysis of the legally required and project-specific reporting flows
showed that the Management Board was provided with the necessary
information for its entrepreneurial decisions. The same applies to the
provision of information to the Supervisory Board.
The question as to whether the Management Board of Flughafen Wien AG is
responsible for any damages must be negated from the present point of view.
Robert Dusek
Investor Relations
Flughafen wien AG
Tel: 0043-1-7007/23126
11.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Flughafen Wien AG
Postfach 1
1300 Wien-Flughafen
Österreich
Phone: +43-1-7007/23126
Fax: +43-1-7007/23058
E-mail: r.dusek@viennaairport.com
Internet: www.viennaairport.com
ISIN: AT0000911805
WKN: 884216
Indices: ATX
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) London, Wien
End of News DGAP News-Service
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