INDEPENDENT NEWS

Rubicon - Result of Arbitration With Genesis

Published: Mon 3 Sep 2001 11:11 AM
Rubicon Announces the Result of their Arbitration with Genesis
Auckland, 31 August, 2001 - Rubicon today announced that the arbitrator appointed in relation to certain disputes which had arisen under Genesis’ 1996 Joint Venture Agreement with Fletcher Challenge Forests Limited (which is now being assigned to Rubicon), has released his decision.
The dispute related to the interpretation of certain provisions of the Joint Venture Agreement which affect the sharing of future royalties with Rubicon and the respective rights of Genesis and Rubicon to use the jointly owned intellectual property for certain applications.
“The outcome is very positive”, said Rubicon Chief Executive, Luke Moriarty. “We are delighted that the award establishes the basis for sharing of any value arising from future applications of the jointly owned intellectual property, and that it confirms the rights of Rubicon to receive royalties from both forest and non-forest products developed from that intellectual property.”
“The arbitration sets clear guidelines for both companies to move forward in a manner that Rubicon finds very acceptable” he said.
ENDS

Next in Business, Science, and Tech

ANZ boss departs under cloud
By: RNZ
Plan to expand protection for Maui and Hector’s dolphins
By: New Zealand Government
Fish & Game back call from Canterbury Officer of Health
By: Fish and Game New Zealand
Government invests in cancer research, vertical farm science
By: New Zealand Government
Net migration remains high
By: Statistics New Zealand
Hisco ANZ departure becomes permanent amid expense concerns
By: BusinessDesk
Dolphin protection plan – Expert Reaction
By: Science Media Centre
Statement on Hector and Maui Threat Management proposals
By: Seafood New Zealand
NZ demands change to save Maui dolphin
By: Forest And Bird
Māui and Hector’s dolphin proposals not fit for crisis
By: Greenpeace New Zealand
Growing risk of nitrate contamination private water supplies
By: Water New Zealand
Government to invest $75m into Gracefield Innovation Quarter
By: BusinessDesk
Defence to draw more on local suppliers, smarts
By: BusinessDesk
Investment in Gracefield Innovation Quarter
By: New Zealand Government
Government matches Malaghan Institute’s ambitions for cancer
By: Malaghan Institute
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media