France, UAE
Technip's former agent in Abu Dhabi readies to recover its millions

The Federal Supreme Court of the UAE has sentenced Technip France to pay €51.5m to its former Emirati agent for unilaterally terminating their contract in 2007. Technip's UAE partner is in pursuit of its cash, just as Bpifrance plans to invest €200m in the company. [...]
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France, UAE
Technip loses its case against its former agent in Abu Dhabi

At the end of December, Abu Dhabi's top appeal court rejected an appeal from Technip against an earlier judgement in its legal battle with its former local agent, the Suwaidi Engineering Group. The French group has been ordered to pay $54m, not including interest, and Suwaidi's rights as an agent have been upheld.

LogoSubscribers only Corporate Intel 27.01.2022

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