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BRIEF-Servcorp updates on ACCC proceedings

Published 15/09/2017, 10:12 am
© Reuters.  BRIEF-Servcorp updates on ACCC proceedings
SRV
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Sept 15 (Reuters) - Servcorp Ltd SRV.AX

* ACCC is expected in near future to institute proceedings against SRV and its units alleging that clauses used in its serviced office agreements are void

* SRV is disappointed that ACCC has decided to commence legal proceedings against it

* SRV has been co-operating with ACCC and has attempted to engage in a constructive dialogue with accc to address their concerns

* SRV maintains that its serviced office agreements are negotiable contracts

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