Brief: Ignitis Grupe's Vilnius CHP Subsidiary received a favorable arbitration ruling in the case on Vilnius Biofuel Power Plant

Ignitis Grupe AB

09/08/2022 08:08

Aug 9 (Reuters) - Ignitis Grupe AB  IGN1L.VL :
    * VILNIUS CHP SUBSIDIARY HAD A FAVORABLE RULING AGAINST
RAFAKO
REGARDING THE 2016 FOR CONSTRUCTION OF BIOFUEL POWER PLANT IN
VILNIUS
    * THE RULING OFFICIALLY CONFIRMS THAT RAFAKO IS RESPONSIBLE
FOR
THE UNFINISHED CONSTRUCTION OF VILNIUS CHP BIOMASS UNIT
    * ARBITRATION INSTITUTE OF THE STOCKHOLM CHAMBER OF COMMERCE
SET A
MANDATORY PERIOD FOR THE PARTIES TO TRY TO REACH THE AMICABLE
SETTLEMENT AGREEMENT
    * THE ISSUES OF REIMBURSEMENT OF DAMAGES INCURRED BY VILNIUS
CHP
AND THE SIZE THEREOF  ARE SCHEDULED  TO EXAMINE ON THE SECOND
STAGE OF THE ARBITRATION PROCEEDINGS

Source text:  ID:nGNE6wdTXt 
Further company coverage: [IGN1L.VL, RFK.WA]

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