Nov 7 (Reuters) - Sai Global Ltd (SAI)
- Sai global - reference is made to Sai Global's announcement in relation to its execution of scheme implementation agreement with baring asia
- "considers that commencement of this arbitration is immaterial in context of scheme"
- Under SID, commencement of an arbitration, if material, could give rise to a termination right on part of Baring Asia
- Notice of further arbitration over PLA: declarations sought by Standards Australia over interpretation of PLA renewal provisions
- Standards Australia's referral to arbitration is not based on any alleged breach of PLA
- "Standards Australia does not seek any damages or other financial relief"
- Considers that commencement of this arbitration does not give rise to a termination right under SID
