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Article: Arbitral tribunal in Sweden decides in favuor of Lemminkainen Corporation.

Article from:
Nordic Business Report
Article date:
October 2, 2008
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NORDIC BUSINESS REPORT-2 October 2008-Arbitral tribunal in Sweden decides in favuor of Lemminkainen Corporation(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish infrastructure contractor Lemminkainen Corporation (OMX Helsinki:LEM1S) said on Wednesday (1 October) that arbitral tribunal in Sweden has decided that IKEA's termination in spring 2006 of the construction contract entered into with Lemcon RUS, the subsidiary of Lemminkainen, was not justified.

The contract concerned the construction of the MEGA shopping centre in St. Petersburg in Russia.

The award confirms Lemminkainen's earlier-stated ...

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