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CORRECTED-BRIEF--Bioton says unit submits motion to launch arbitration proceedings against LG Chem
June 6, 2017 / 9:45 AM / 4 months ago

CORRECTED-BRIEF--Bioton says unit submits motion to launch arbitration proceedings against LG Chem

(Corrects spelling of Bioton in headline)

June 6 (Reuters) - BIOTON SA:

* SAID ON MONDAY THAT ITS UNIT, BIOPARTNERS GMBH, HAS SUBMITTED A MOTION TO LAUNCH ARBITRATION PROCEEDINGS BEFORE THE ARBITRATION PANEL OF THE INTERNATIONAL CHAMBER OF COMMERCE, SEEKING COMPENSATION FROM LG CHEM, LTD

* SAID BIOPARTNERS GMBH WILL SEEK COMPENSATION OF MINIMUM $6 MILLION FROM LG CHEM, LTD REGARDING LICENSE AND DEVELOPMENT AGREEMENT FROM 2001

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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