Qlife Holding AB loses arbitration proceedings against Aidian
On 13 March 2023, Qlife Holding AB (“Qlife” or the “Company”) announced that Aidian Oy had initiated arbitration proceedings against Qlife’s wholly owned subsidiary Qlife ApS regarding payment of unpaid invoices for various products and services. Today, Qlife has received the judgment in the arbitration proceedings. Qlife ApS has been ordered to pay approximately MEUR 0.80 to Aidian for its claim together with a contractually agreed annual penal interest of 10.00 per cent per annum from the due dates onward until payment, and approximately MEUR 0.26 to Aidian for its legal fees together