March 23 (Reuters) - Paladin Energy Ltd PDN.AX
* Paladin resolves to commence arbitration proceedings against CNNC Overseas Uranium Holdings
* resolved to commence arbitration proceedings against CNNC to seek orders and declarations accordingly.
* fair value determination process depends on CNNC establishing that an 'event of default' has occurred under lhm shareholders agreement
* has taken significant steps to progress restructure proposal in order to achieve successful solvent restructure
* on 9 March 2017 received notice from CNNC requesting that co commence a process to determine fair market value of co's share of LHM Source text for Eikon: ID:nASX47VKZH Further company coverage: PDN.AX