Brief: OHLA Says Qatar Court Of Cassation Issues Final Ruling On JV And Subcontractors' Appeals
01/09/2026 07:52
BRIEF-OHLA Says Qatar Court Of Cassation Issues Final Ruling On JV And Subcontractors' Appeals Sept 1 (Reuters) - Obrascon Huarte Lain SA OHLA.MC:
QATAR COURT OF CASSATION ISSUES FINAL RULING ON JV AND SUBCONTRACTORS' APPEALS
COURT DISMISSED APPEALS FILED BY ALL PARTIES
TO AVAIL ITSELF OF ALL LEGAL REMEDIES AVAILABLE UNDER APPLICABLE LAW
PORTION OF JOINT AND SEVERAL LIABILITY ATTRIBUTABLE TO OHLA’S 55% INTEREST AMOUNTS TO QAR 111,993,735 (EUR 26.4 MILLION)
CASSATION APPEALS FILED BY JV COMPRISING CONTRACK CYPRUS LTD. (45%) AND OHLA (55%), AS WELL AS BY SUBCONTRACTORS KENTZ AND VOLTAS
COURT UPHOLDS AS FINAL AND BINDING JUDGMENT PURSUANT TO WHICH MEMBERS OF JV WERE HELD JOINTLY AND SEVERALLY LIABLE FOR PAYMENT TO SUBCONTRACTOR
Further company coverage: OHLA.MC
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))