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BRIEF-Celamin Holdings NL says delivered formal notice of dispute to TMS to initiate negotiations

Published 23/09/2015, 09:25 am
© Reuters.  BRIEF-Celamin Holdings NL says delivered formal notice of dispute to TMS to initiate negotiations

Sept 23 (Reuters) - Celamin Holdings NL CNL.AX :

* Celamin Holdings NL legal update CNL.AX

* Says has now decided to pursue an alternate dispute resolution process, according to its contractual rights

* Celamin now delivered formal notice of dispute to TMS to initiate negotiations in order to protect its interest in chaketma project and advance its claims

* Has accordingly withdrawn application in Tunisian courts for reversal of share transfer, in order to proceed with alternative approach

* On the basis of strong documentary evidence, Celamin disputes the existence of any default on the part of Celamin Limited

* Disputes the existence of any default on the part of Celamin Limited

* Considers that there has been a wrongful and ineffective transfer and purported expropriation of Celamin limited's shares in CPSA

* Source text for Eikon ID:nASX8wh79K

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