DYESOL LIMITED AND ITS CONTROLLED ENTITIES FOR THE HALF-YEAR ENDED 31 DECEMBER 2016
• The Japanese National Institute for Materials Science (NIMS) is challenging a decision of the International Court of Arbitration (ICC) and has commenced proceedings in the Tokyo District Court to set aside an award made by the ICC in favour of Dyesol. In the May 2016 decision the sole Arbitrator dismissed NIMS's claims in their entiretyand ordered NIMS to reimburse Dyesol arbitration costs of around $60,000, which remain unpaid.