Related Companies
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Related Funds
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English
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oda_LawsuitAgainstCompanyOrDevelopmentsInTheLawsuitAgainstCompanyAbstract|
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oda_UpdateAnnouncementFlag|
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Evet (Yes)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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29.05.2018
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_DateOfLawsuit|
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05.10.2012
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oda_NotificationDateOfLawsuitToCompany|
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31.10.2012
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oda_SubjectOfLawsuit|
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Compensation
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oda_CounterpartiesOfLawsuit|
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Tata Steel International (North America) Ltd. (old title Corus International Trading Ltd.)
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oda_LawsuitAmount|
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8.668.800 TL
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oda_RatioOfLawsuitAmountToTotalAssetsDisclosedInLatestFinancialStatementsOfEntity|
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0,03
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oda_RelavantCourtAndFileNumber|
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Kdz. Ereğli Civil Court of First Instance 2nd / 2013/63 E.
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oda_TrialDate|
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-
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oda_Decision|
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-
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oda_NextTrialDate|
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-
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oda_AmountOfProvisionInFinancialStatementsIfAny|
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29.432.480 TL
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oda_EffectToOperationsOfCompany|
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-
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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A contract has been signed between the Corus Trading Ltd - of which new title is Tata Steel International (North America) Ltd. of which registered office is in Illinois in United States of America in 2008. Our company has fulfilled all its liabilities in January and February of 2009. Corus International Trading Ltd. company has sold the products that they had provided from us to the third person, however, then, has put forward that some indemnity claims have been made to them because of them and some of that claims must be compensated by Erdemir. The parties cannot reach full agreement on the subject and then, an indemnity claim has been made against our Company in Illinois State Regional Court of America by them with their representatives with the value of 4.800.000,00 USD. KAP explanation has been made regarding to this claim on 17.08.2010.
Following the rejection of the mentioned claim with the terms of authorization; a new claim has been filed by the Tata Steel International (North America) Ltd. Company to the Texas State Regional Court. KAP explanation regarding with this situation has been made on 24.08.2011 and it is publicized with the KAP explanations on 16.07.2012 that also this claim has been rejected with terms of authorization.
It has been learnt by a notification made to our company on 31.10.2012 that by Corus International Trading Ltd. Company - of which new title is Tata Steel International (North America) Ltd. a compensation claim of 8.668.800 TL (4.800.000,00 USD) has been filed against our company with the same claims and demands to the Ankara Commercial Court of First Instance 14th.
As the result of the trial made, the court has decided to dismiss the case due to lack of jurisdiction and has sent the file to Karadeniz Ereğli 2. Court of First Instance. At the hearing of the ongoing case dated 28 November 2017, Kdz. Ereğli 2. Civil Court of First Instance has decided to partially accept the case against our Company. Our company has applied for the appeal against the decision.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.