Business
Bioton Says Polish Court Declares Chinese Arbitral Award Enforceable
Bioton Says Polish Court Declares Chinese Arbitral Award Enforceable
About this update from Bioton S.a.
Bioton SA GPW:BIO:SAID ON TUESDAY WARSAW COURT OF APPEAL RULES CHINESE ARBITRATION AWARD FROM 2017 ENFORCEABLE AGAINST THE COMPANYARBITRATION AWARD REQUIRES PAYMENT OF $1.5 MLN DAMAGES PLUS INTEREST AND ABOUT $185,000 IN LICENSE FEES PLUS INTEREST TO HEFEI LIFE SCIENCE PARK INVESTMENTS AND DEVELOPMENTCOURT REJECTS COMPANY ARGUMENT THAT CLAIMS WERE TIME-BARREDCOMPANY IS ANALYZING THE RULING AND CONSIDERING FURTHER LEGAL ACTIONS, INCLUDING POTENTIAL CASSATION COMPLAINTSource text for Workspace:Further company coverage: