Brief: Wellard Resolves Arbitration Against Croatian Bank For Reconstruction And Development

Wellard

04/01/2022 21:22

Jan 5 (Reuters) - Wellard Ltd  WLD.AX :
    * SUCCESSFULLY RESOLVED ARBITRATION PROCEEDINGS IN LONDON
AGAINST
CROATIAN BANK FOR RECONSTRUCTION AND DEVELOPMENT
    * ENTITLED TO RECEIVE PAYMENTS PLUS INTEREST AMOUNTING TO
APPROXIMATELY US$12 MILLION
    * AGREED WITH RUCHIRA SHIPS TO DEFER REPURCHASE OF M/V OCEAN
UTE
TO JAN. 25

Source text for Eikon:  ID:nASXbnhWC8 
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 ((Reuters.Briefs@thomsonreuters.com;))