Brief: Seatrium Updates On Arbitration Commenced In Dec 2021 Against Unit By MH Wirth

Seatrium

18/04/2024 14:54

April 18 (Reuters) - Seatrium Limited  SEAT.SI :
    * REFERS TO ARBITRATION COMMENCED IN DEC 2021 AGAINST UNIT
BY MH
WIRTH
    * ARBITRATION PROCEEDINGS WERE CONCLUDED IN JULY 2023
    * ARBITRAL AWARD ON ARBITRATION HAS BEEN MADE IN FAVOUR OF
MH
WIRTH
    * UNDER ARBITRATION, TRIBUNAL HAS AWARDED MH WIRTH
TERMINATION
FEES OF US$101 MILLION PLUS OTHER COSTS

Further company coverage:  SEAT.SI 

 ((Reuters.Briefs@thomsonreuters.com;))