Brief: Euronav Files Request For Emergency Arbitration

Frontline

18/01/2023 07:05

Jan 18 (Reuters) - Euronav NV  EUAV.BR :
    * EURONAV FILES REQUEST FOR EMERGENCY ARBITRATION
    * HAS FILED APPLICATION REQUEST FOR URGENT INTERIM AND
CONSERVATORY MEASURES IN RELATION TO FRONTLINE’S UNILATERAL
ACTION IN PURSUING TERMINATION OF  COMBINATION AGREEMENT
    * REQUESTING TO SUSPEND SUCH TERMINATION PENDING A
DETERMINATION
ON THE MERITS PURSUING PRIMARILY THE SPECIFIC PERFORMANCE OF THE
COMBINATION AGREEMENT.
    * ANOTHER REQUEST REGARDING SUCH MERITS OF FRONTLINE HAVING
UNILATERALLY TERMINATED THE COMBINATION AGREEMENT WILL BE FILED
SOON
    * REITERATES ITS DETERMINATION THAT FRONTLINE’S UNILATERAL
ACTION
IN PURSUING THE TERMINATION OF THE COMBINATION AGREEMENT HAS NO
BASIS
    * REITERATES ITS DETERMINATION THAT FRONTLINE FAILED TO
PROVIDE A
SATISFACTORY REASON FOR ITS DECISION TO PURSUE TERMINATION

Source text for Eikon:  ID:nObiff0N9a 
Further company coverage:  EUAV.BR 
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