Qlife announces that Aidian has initiated arbitration proceedings against Qlife
Qlife Holding interim report for Q4 2022 included aged accounts payable owed to the Finish company Adidan Oy of approximately EUR 0.8 million under short term liabilities and mention of a counter claim against a distributor (Aidian) under contingent assets. Today Qlife announces that Aidian Oy has initiated arbitral proceedings towards Qlife Holding AB’s wholly owned subsidiary Qlife ApS in which Aidian claims payment of unpaid invoices of approximately EUR 0.8 million from Qlife. Qlife intends to dispute the claim since Qlife has counterclaims exceeding Aidian’s claim.In 2020, Qlife