Brief: Star Phoenix Group Provides Update On LandOcean Arbitration Proceedings

Star Phoenix

22/08/2022 18:40

Aug 22 (Reuters) - Star Phoenix Group Ltd  STAST.L :
    * STAR PHOENIX GROUP  - UPDATE ON LANDOCEAN ARBITRATION
PROCEEDINGS
    * STAR PHOENIX GROUP LTD - LONDON COURT OF INTERNATIONAL
ARBITRATION ISSUED A CONSENT AWARD ON 12 AUGUST 2022 IN RELATION
TO TWO OF FOUR STAGE 1 CLAIMS
    * UNDER CONSENT AWARD, LANDOCEAN IS REQUIRED TO MAKE PAYMENT
OF
US$301,265 TO STAR PHOENIX BY 16 SEPTEMBER
    * ISSUING OF CONSENT AWARD MAKES A SUCCESSFUL CONCLUSION OF
TWO OF
FOUR STAGE 1 CLAIMS

Source text for Eikon:  ID:nRSV7695Wa 
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