Court sets 12 May for $2m case against NIC

Kuwait-Mubasher: National Investments Company (NIC) said Monday that the hearing of its appeal against a $2 million claim has been rescheduled by the court for 12 May.

The client who lodged the KWD 602,857 claim received a favourable first-degree verdict before the court of appeal suspended it until NIC’s challenge is settled.

The KSE-listed firm clarified that no financial impact can be currently determined.

 

Mubasher Contribution Time: 11-Apr-2016 07:16 (GMT)
Mubasher Last Update Time: 11-Apr-2016 10:31 (GMT)