DCG 0.00% 29.8¢ decmil group limited

It is very likely that Decmil will have to pay $11m to SCEE. The...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 359 Posts.
    lightbulb Created with Sketch. 27
    It is very likely that Decmil will have to pay $11m to SCEE. The adjudication is just a middle step and the arbitration is likely to be a protracted process whereby if Decmil loses, they will have to pay the $11m plus any legal costs incurred and lawyers aren’t cheap. Decmil’s track record seems to suggest there wasn’t appropriate governance and controls within the organisation which led to significant contract mismanagement.

    just goes to show they are on thin ice and the Sunraysia or SCEE Payment could lead to solvency issues.
 
watchlist Created with Sketch. Add DCG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.