Brief: Scully Royalty Provides Update On Litigation Relating To Former Parent Company Of Group

Scully Royalty

05/10/2020 14:26

Oct 5 (Reuters) - Scully Royalty Ltd  SRL.N :
    * SCULLY ROYALTY - PROVIDES UPDATE ON LITIGATION RELATING TO
FORMER PARENT COMPANY OF GROUP
    * SCULLY ROYALTY - PLAINTIFF WAS GRANTED, IN CAYMAN ISLANDS,
AN
INITIALLY EX PARTE (WITHOUT ANY NOTICE) FREEZE ORDER
    * SCULLY ROYALTY - APPEALED DECISION AND CURRENTLY EXPECTS
APPEAL
TO BE HEARD IN FRONT OF A THREE-JUDGE PANEL IN H2 2021
    * SCULLY ROYALTY LTD - FREEZE ORDER HAS NO IMPLICATIONS ON
ONGOING
DAILY BUSINESSES
    * SCULLY ROYALTY- CURRENTLY EXPECT LITIGATION RELATING TO
FORMER
PARENT CO OF GROUP, WHICH IS IN ITS VERY EARLY STAGES, WILL NOT
BE RESOLVED IN SHORT-TERM
    * SCULLY ROYALTY - CO FILED A COUNTERCLAIM AGAINST PLAINTIFF
IN
EXCESS OF THEIR CLAIMS AGAINST CO
    * SCULLY ROYALTY LTD - COUNTERCLAIM IS NOT INCLUSIVE OF
OTHER
POTENTIAL DAMAGE CLAIMS WHICH WE INTEND TO RAISE IN FUTURE

Source text for Eikon:  ID:nPn5LKd31a 
Further company coverage:  SRL.N 

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