Wouter139 schreef op 25 juli 2014 08:54:
In response to Diamond Wood’s claim against Accsys, namely for damages in excess of €100 million as previously published by Diamond Wood, and for the continuation of the Licence Agreement, the Tribunal has, in the Award, ruled that Diamond Wood can only claim for limited damages (if any) up to a maximum of €250,000.
However, Accsys is disappointed to announce that the Tribunal has ruled that the Licence Agreement is to continue in full force and effect.
As a result of the Award, and with immediate effect:
1. Diamond Wood has the responsibility for all Accoya® wood promotion marketing and selling to all customers within the licensed territories in the Far East (which excludes various countries including Japan and South Korea, for which Accsys retains rights); and
2. Diamond Wood is obliged to resume its endeavours towards the construction of an Accoya® manufacturing facility in the Far East.