The Lideta Federal High Court solaced the Ethiopia Shipping and Logistics Service Enterprise (ESLSE) with a ruling in its disfavour for a payment of 15.3 million Br with nine percent interest, rejecting its claim of 245 million Br from D.M.C Construction Plc.
The lawsuit by the state's shipping and logistics company also entangled NIB Insurance Plc, which had given a performance guarantee for up to131.2 million Br, but the insurer was spared from claims against it by the court decision.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article