Brief: Maire To Challenge Unlawful Actions Of Eurochem Nw2, Eurochem Group AG After Russian Court Decision

Maire SpA

28/11/2025 07:37

Nov 28 (Reuters) - Maire SpA MTCM.MI:

MAIRE GROUP TO CHALLENGE UNLAWFUL ACTIONS OF EUROCHEM NW2, EUROCHEM GROUP AG

SAYS INFORMATION PUBLISHED BY PRESS AGENCIES IS BASED ON UNLAWFUL, UNENFORCEABLE ACTIONS UNDERTAKEN BY EUROCHEM IN CONTEMPT OF UK COURT BEING SOLE AUTHORITY PROVIDED UNDER CONTRACT SIGNED BY PARTIES

SAYS IT WILL CONTINUE TO PURSUE ARBITRATION PROCEEDINGS UNDER WHICH IS ASKING DAMAGES FOR MORE THAN EUR 700 MILLION

SAYS IT RESERVES RIGHT TO ADJOURN AND/OR FILE FOR ALL DAMAGES ARISING FROM ABOVE-MENTIONED UNLAWFUL ACTIONS

SAYS RUSSIAN JUDGMENT IS NOT ENFORCEABLE AT LAW, SHOULD IT BECOME SO AFTER EXHAUSTION OF PROCESS, IT WILL NOT BE ENFORCEABLE OUTSIDE OF RUSSIA BECAUSE IT WAS RENDERED IN BREACH OF 1958 CONVENTION ON RECOGNITION, ENFORCEMENT OF FOREIGN ARBITRAL AWARDS

SAYS TECNIMONT HAS APPLIED TO INTERNATIONAL ARBITRAL TRIBUNAL, OBTAINED SEVERAL WIDE-RANGING ANTI-SUIT INJUNCTIONS BOTH AGAINST EUROCHEM NW2 AND EUROCHEM AG

SAYS ARBITRAL TRIBUNAL ENJOINED EUROCHEM NW2 FROM CONTINUING THOSE RUSSIAN PROCEEDINGS IN BREACH OF ARBITRATION AGREEMENT IN K2 CONTRACTS, ORDERED EUROCHEM AG TO CAUSE EUROCHEM NW2 TO ABANDON UNLAWFUL PROCEEDINGS

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 (Gdansk Newsroom)

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