Swedish Company Ordered To Pay $9.9 Million For Breach Of Supply Agreement

(May 25, 2016, 11:13 AM EDT) -- STOCKHOLM — A Swedish care company on May 23 announced that a tribunal in London has ordered two companies within its group to pay another entity $9,920,299 for improperly terminating an agreement to purchase a patient identification product.

Elekta AB said in a news release that the award was issued in London in arbitration between two Elekta group companies and humediQ GmbH. Elekta said the award concluded the arbitration between the parties, which arose out of a 2011 agreement for the exclusive supply of Identify(TM) under...
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