Arbitrational award rendered to the benefit of ABAX Group AS concerning an insurance claim in connection with the acquisition of ABAX Holding AS
Larvik, Norway| ABAX Group announces Arbitrational Award On 8 April 2021, a Tribunal in an Arbitration Case administered by the Dispute Resolution Institute of the Oslo Chamber of Commerce, rendered to the benefit of ABAX Group AS (the "Company"), an arbitrational award concerning a claim against the insurance provider under the insurance and indemnity policy which the Company had taken out in connection with the Company's acquisition of ABAX Holding AS in 2017. The claim related to an adjustment in the revenues of ABAX Holding AS for a period in time prior to the completion of the
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