Settlement agreement ends all legal proceedings with Sino-Forest Corporation Litigation Trust
Today a settlement agreement was entered into with the Sino-Forest Corporation Litigation Trust (“SFC Litigation Trust”), which will end all proceedings initiated by the SFC Litigation Trust against several subsidiaries of ÅF Pöyry AB, including the legal proceeding in Singapore and all other stayed legal and arbitration proceedings in various other jurisdictions. These proceedings related to consultancy services provided by certain direct or indirect subsidiaries of Pöyry PLC to Sino-Forest Corporation (“SFC”) from 2006 to 2011. The SFC Litigation Trust was created in December 2012 by way