European court rules in favour of Cemex in Strabag case

The International Arbitration Court in the International Chamber of Commerce has ruled that Strabag’s decision to pull out of purchasing production facilities owned by Cemex in Austria and Hungary in 2009 was invalid. The cancellation came after an anti-trust court in Austria gave the operation the go-ahead under certain conditions which did not satisfy Strabag. The European firm will now have to pay Cemex compensation.
June 14, 2012

The International Arbitration Court in the 4426 International Chamber of Commerce has ruled that 3669 Strabag’s decision to pull out of purchasing production facilities owned by 643 Cemex in Austria and Hungary in 2009 was invalid.

The cancellation came after an anti-trust court in Austria gave the operation the go-ahead under certain conditions which did not satisfy Strabag. The European firm will now have to pay Cemex compensation.

For more information on companies in this article
International Chamber of Commerce
Strabag
Cemex
boombox1
boombox2
boombox3
miniboombox1
miniboombox2