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Wednesday, 18 February 2009
HNRK Wins Arbitration Award

An arbitrator for the International Centre For Dispute Resolution has ruled in favor of HNRK's client, Tradesim AS, in an arbitration. Claimant brought the arbitration against Tradesim and its principal, seeking damages for Tradesim's alleged breach of contract to sell it custom software and further develop that software, as well as substantial consequential damages. Tradesim counterclaimed for breach of contract, asserting that Claimant itself had breached and repudiated the contract. The arbitrator denied Claimant's claims and ruled that Claimant must pay Tradesim $533,300.


Posted By: Hoguet Newman Regal & Kenney, LLP in Category: Litigation News