NWH 0.98% $3.09 nrw holdings limited

Ann: Trading Halt, page-16

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    Hard copy judgment not yet available but it seems the Oz was there.

    https://au.news.yahoo.com/thewest/business/a/29724007/nrw-in-halt-over-samsung-decisions/

    "UPDATE Tuesday 10.25am: Contractor NRW Holdings has had a win in its Roy Hill project payments dispute.

    A Supreme Court judge today made an order for project manager Samsung C&T to pay NRW $17.5 million.

    Justice Mitchell dismissed Samsung's application for a judicial review of a contract adjudicator's determination.

    He granted NRW leave to enforce the determination.

    The payment is among a number of outstanding claims NRW has made against Samsung over a $620 million rail earthworks contract at Gina Rinehart's iron ore project in the Pilbara.

    NRW put its shares in a trading halt yesterday ahead of two judgments related to the dispute.

    Both cases have a combined value of $26 million, NRW said.

    Today's judgment said Samsung had paid NRW $560 million to date and withheld $93 million.

    NRW shares are in a trading halt, having last changed hands for 9.2 cents.
    "
 
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