Certain aspects of compensation for the non-pecuniary damage to business entities according to the European Court of Human Rights’ judjments

Keywords: intangible losses by legal entities, non-pecuniary damage of business entities, the European Court of Human Rights’ precedents, just satisfaction

Abstract

The present article is dedicated to the analysis of the decisions of the European Court of Human Rights in claims for compensation
for non-pecuniary damage suffered by business entities; to the definition of criteria by which the facts of intangible losses by legal
entities can be established; and to the criteria for determining the amount of just satisfaction in the claims of this category.
We have analyzed the relevant judgments of ECHR through the prism of proving the existence of non-pecuniary damage suffered
by business entity. We have defined the aspects which the Court identifies as circumstances proving the existence of intangible losses.
These aspects include the company’s reputation, uncertainty in decision-planning, disruption in the management of the company, the
anxiety and inconvenience caused to the members of the management team. The results of the research demonstrate that by following
the ECHR judgements our national judiciary system will facilitate the development of the precedents in the sphere of compensation of
intangible losses suffered by business entities as ways to defend their violated rights and legitimate interests in Ukraine.
The article suggests theoretical and practical perspectives and directions for future research. The necessity to improve the national
legislation and to research further the sphere under consideration is crucial. It will allow to broaden the content of the institution of moral damage suffered by business entities as a component of damages reimbursable by the breaching individual or entity and to establish
the common criteria for determining the amount of just satisfaction for the said claims.

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Published
2020-11-10
How to Cite
Oliinyk, L. (2020). Certain aspects of compensation for the non-pecuniary damage to business entities according to the European Court of Human Rights’ judjments. Law Review of Kyiv University of Law, 1(3), 227-233. Retrieved from https://chasprava.com.ua/index.php/journal/article/view/504
Section
The issues of civil law, commercial law, labour law and social security law of U