Pfizer Secures Liens on Poland and Romania's Air Traffic Revenues

Pfizer is seeking up to $2.2 billion from Poland and Romania for unused Covid-19 vaccines. The company has initiated legal proceedings to seize the two countries' air traffic control revenues through a court order to collect these receivables. The seizure order indicates that Pfizer's vaccine supply dispute with the countries has escalated to a legal dimension. The company is demanding payment for vaccines ordered but unused under contracts made during the pandemic. The lien on Poland and Romania's air traffic control revenues is seen as Pfizer's effort to secure its receivables. These revenues are known as a significant financial resource for the countries from the aviation sector. No official statement has been made by the parties yet. The developments are being followed in terms of the reflection of post-pandemic contract disputes between pharmaceutical companies and governments on financial markets. Not investment advice.