RUL rpmglobal holdings limited

News: RUL Rungepincockminarco updates on legal proceedings in in Russia

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    July 21 (Reuters) - Rungepincockminarco Ltd (RUL) :

    • Notice of adverse court judgement in Russia (RUL)
    • Received an unexpected adverse judgement against it from the arbitration court of Moscow in Russia
    • Judgment relating to advisory work which it performed for a Russian company during the 2014 financial year.
    • RPM had been directed to refund approximately USD$350K of fees already paid to RPM under the project"
    • Judgement will result in rpm now fully providing for this debt in its accounts for the 2016 financial year
    • Says RPM has appealed the decision to the appellate courts in Russia
                            
 
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