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Implats Secures Court Order Against A1 Specialised Services and Supplies Limited
May. 04, 2016 08:41AM PST
Diamond InvestingImpala Premium Holdings (OTCMKTS:IMPUY) has been awarded a court order issued by the United States District Court for the Eastern District of Pennsylvania on April 26, 2016 wherein the court ordered A1 Specialised Services and Supplies Limited to pay Impala the sum of of $201 million. As quoted in the press release: The court order …
Impala Premium Holdings (OTCMKTS:IMPUY) has been awarded a court order issued by the United States District Court for the Eastern District of Pennsylvania on April 26, 2016 wherein the court ordered A1 Specialised Services and Supplies Limited to pay Impala the sum of of $201 million.
As quoted in the press release:
The court order follows a dispute between Implats and A1 in which Implats asserted that A1 defaulted on amounts due to Implats. The parties agreed to have the matter heard by the LCIA which duly heard the matter and issued a final award on 9 December 2015 in Implats’ favour for the full amount claimed by Implats being USD201 million.
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