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US court orders A1 Specialised Services to pay Implats US$201M in legal dispute

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US court orders A1 Specialised Services to pay Implats US$201M in legal dispute

The U.S. District Court for the Eastern District of Pennsylvaniaordered A1 Specialised Services and Supplies Ltd. to pay a total of US$201 millionto Impala Platinum Holdings Ltd.,confirming the award issued by the London Court of International Arbitration.

According to a May 4 press release, the court ruling followsa dispute between the companies, whereby Implats claimed that A1 defaulted on certainamounts due.

The parties agreed to take the matter to the LCIA, which ruledin favor of Implats' claim in December 2015.

The company plans to pursue all legal avenues available to recoverthe amount due.