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News Breaks
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October 16, 2009
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| 09:28 EDT |  | CSUN |
| theflyonthewall.com: | Extension of China Sunergy's injunction against REC granted by Norwegian court | | China Sunergy Co. announced that the Court in Norway has granted an extension of the injunction against REC Wafer Norway AS relating to certain bank guarantees. On October 15, 2009, the injunction against REC Wafer Norway AS previously granted by the Salten District Court in Norway would have expired. China Sunergy therefore applied for an extension of the injunction. At the same time, China Sunergy served a writ upon REC Wafer Norway AS claiming that REC Wafer Norway AS is not, and has never been, a party to the contract entered into between REC Sitec AS and China Sunergy. On October 14, 2009, the court ruled that the injunction shall remain in force until the issue covered by the writ is resolved. :theflyonthewall.com |
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