Areva files in arbitration court to stop Siemens-Rosatom venture

摘要

Areva has filed an arbitration case against Siemens seeking to prevent the German company from concluding a joint venture with Rosatom, Siemens said last week.rnThe information was included in a legal proceedings document released last week with second-quarter financial statements.rnThe document said Areva filed the arbitration in the International Chamber of Commerce arbitration court in April. Siemens said "Areva seeks an order that would prevent Siemens from taking any further steps with regard to a possible joint venture with Rosatom, a declaration that Siemens is in material breach of its obligations under the shareholder agreement, and damages in an amount to be ascertained."rnSiemens said it intends to file for a dismissal of the request for arbitration.