Brief: Pacific Radiance Updates On Certain Arbitration Proceedings Related To Shipbuilding Contracts
21/05/2019 16:13
May 21 (Reuters) - Pacific Radiance Ltd PACI.SI :
* UPDATES ON ARBITRATION PROCEEDINGS FOR RESCISSION OF
SHIPBUILDING CONTRACTS FOR TWO PLATFORM SUPPLY VESSELS
* HONG KONG INTERNATIONAL ARBITRATION CENTRE MADE AWARD IN
FAVOUR
OF CA OFFSHORE INVESTMENT FOR REFUND OF PRE-DELIVERY INSTALMENT
* ON MAY 17, HK INTERNATIONAL ARBITRATION CENTRE, REGARDING
H1350
ARBITRATION, AWARDED CA OFFSHORE INVESTMENT REFUND OF $2.8
MILLION
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