Brief: Poland's Bioton Says Arbitration Tribunal Ends Proceedings In Biopartners GmbH Case Against LG Chem, Ltd

Bioton SA

03/01/2019 17:28

Jan 3 (Reuters) - Bioton SA  BIOP.WA :
    * SAYS THAT IT HAS BEEN INFORMED THAT THE ARBITRATION
TRIBUNAL OF
THE INTERNATIONAL CHAMBER OF COMMERCE HAS DISMISSED PETITION OF
BIOTON'S SUBSIDIARY, BIOPARTNERS GMBH, SEEKING COMPENSATION FROM
LG CHEM LTD  051910.KS  UNDER LICENSE AND DEVELOPMENT AGREEMENT
OF OCT. 16, 2001
    * SAYS THE COURT HAS ORDERED BIOPARTNERS TO COVER COSTS OF
$315,000 AND LEGAL COSTS OF $2.8 MILLION, PLUS INTEREST OF 5.33%
FROM JAN. 2, 2019
    * SAYS BIOPARTNERS WILL ANALYSE THE JUSTIFICATION OF THE
RULING
DISMISSING THE CLAIM

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM7YqkVfa
    
 Further company coverage:  BIOP.WA  
   


 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))