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Malaysia’s Sime says Emirates suit against unit dismissed

The company has been informed by its solicitors that the court issued a final judgment and decided to dismiss Emirates International's case, Sime Darby said in a stock exchange filing.

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August 23, 2011 1:10 by



Malaysian property-to-plantations conglomerate Sime Darby said on Tuesday a court in Abu Dhabi dismissed a legal suit against its unit by Emirates International Energy Services.
Emirates International had earlier taken legal action against Sime Darby’s subsidiary Sime Darby Engineering for $178.2 million, involving an agreement whereby Emirates would identify potential projects for Sime Darby Engineering to pursue.
The company has been informed by its solicitors that the court issued a final judgment and decided to dismiss Emirates International’s case, Sime Darby said in a stock exchange filing.  REUTERS

(Reporting by Liau Y-Sing; Editing by Vinu Pilakkott)



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