IPR 0.00% 4.1¢ ipernica limited

Iron9,My understanding is this:The euro30m is the reduced amount...

  1. 3,666 Posts.
    Iron9,

    My understanding is this:

    The euro30m is the reduced amount of the claim AGAINST DT, not what needs to be paid TO DT.

    It is the court costs that is the 75/25 split, and this is based on the amount of the claim.

    And IPR has got insurance with Lloyds for the costs of the litigation.

    And the court costs owing are now LESS than IPR had already allowed for in its contingent liabilities. And the amount allowed for was around A$5m (see an earlier post of mine in the last week), which tax-adjusted is less than A$4m.

    I hope this helps.
 
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