in CHF m |
Outstanding liabilities 31.12.2016 |
Outstanding liabilities 31.12.2015 |
||
Outstanding liabilities as guarantees in favor of Group companies |
751 |
770 |
Clariant Ltd belongs to the Swiss value-added tax (VAT) group of Clariant, and thus carries joint liability to the Swiss federal tax authority for value-added tax.
In connection with the dismantlement of a waste water treatment plant in France Clariant is faced with a claim by the Swiss-based group Novartis in the amount of EUR 15 million. Clariant has the view that this claim is unfounded. The case is currently pending at court.