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Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$250.00

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Provincial Court of Barcelona Dismisses Appeal Filed By La Seda de Barcelona SA


Tuesday, 12 Feb 2013 12:06pm EST 

La Seda de Barcelona SA announced that the Provincial Court of Barcelona has ruled dismissing the appeal filed by the Company, with respect of the judgment by the ordinary procedure, number 336/2010, by the Court of First Instance No. 2 of El Prat de Llobregat on April 28, 2011. La Seda de Barcelona SA breached on a contract of goods sale originally signed as of February 18, 2009 with Mediterranean Metal Trading SA. Moreover, the Company is to pay to Convergent Energies Consulting SA penalty under that contract in the amount of EUR 1.452 million, plus interest and legal costs. The judgment became final on February 11, 2013. Pending the final settlement of such interest and costs, the approximate total of the payments to be paid by La Seda de Barcelona SA amounts to EUR 1.7 million, of which EUR 1.5 million are provisioned. 

Company Quote

0.729
0.049 +7.21%
17 Jun 2013