Hankin was engaged by the claimant to perform certain engineering, materials procurement and installation services on a construction project in the US. The claimant was the general contractor of the project.
CSE Global has agreed to pay US$8 million ($10.5 million) to a claimant who lodged arbitration proceedings against the company’s wholly-owned subsidiary, Hankin Environmental Systems. The full and final settlement was made on Sept 8.
On Sept 3, Hankin’s customer instituted arbitration proceedings against the former in the US citing losses from Hankin’s delays in a project the customer was working on.
