Brief: Herkules Says Unit Submits Dispute With Nokia Solutions And Networks

Herkules SA w restrukturyzacji

08/07/2020 07:53

July 8 (Reuters) - Herkules SA  HRSP.WA :
    * SAID ON TUESDAY THAT ITS UNIT HERKULES INFRASTRUKTURA HAS
SUBMITTED A DISPUTE WITH NOKIA SOLUTIONS AND NETWORKS (NSN) ON
THE MANAGEMENT COMMITTEE HELD IN ACCORDANCE WITH CONSORTIUM
AGREEMENT REGARDING CONSTRUCTION WORKS UNDER GSM-RAILWAY PROJECT
    * THE DISPUTE CONCERNS THE UNIT'S CLAIM OF 44.2 MILLION
ZLOTYS
COMPENSATION FROM NSN DUE TO CHANGES INTRODUCED BY NSN IN RADIO
PLANNING WHICH AFFECT THE SCOPE OF THE UNIT'S WORKS AND RESULT
IN ADDITIONAL UNEXPECTED COSTS;
    * THE CLAIM IS ALSO IN RESPECT TO UNEXPECTED COSTS
ASSOCIATED WITH
ELECTRICAL WORKS RESULTING FROM INFRINGEMENT BY NSN OF THE
CONSORTIUM AGREEMENT RELATED TO PREPARATION AND SUBMISSION BY
NSN OFFERS ON BEHALF OF THE CONSORTIUM IN THE TENDER PROCEDURE
UNDER GSM-RAILWAY PROJECT 
    * SAYS THAT THE DISPUTE HAS NOT BEEN RESOLVED ON THE
MANAGEMENT
COMMITTEE
    * SAYS THAT WITHOUT A SATISFACTORY SOLUTION TO THE DISPUTE
HERKULES INFRASTRUKTURA WILL TAKE FURTHER FACTUAL AND LEGAL
STEPS   

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM8zSYtwa
    
 Further company coverage:  HRSP.WA  
   


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