Ascent Resources plc - Corporate Update - Claims for damages and funding for Arbitration claim under the Energy Charter Treaty - 17 December 2019
Country
Year
2019
Summary
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Claims for damages and funding
As previously announced, the Company has been progressing an arbitration claim for the significant damages incurred as a direct result of the manifestly wrong actions of the Slovenian authorities and continues to have positive discussions with parties interested in providing non-recourse litigation funding to advance this claim.
The Company continues to manage its cost base while it seeks redress and to monitor its ongoing working capital needs.
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