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BAHRAIN: Batelco demands full payment [Gulf, The (Bahrain)](Gulf, The (Bahrain) Via Acquire Media NewsEdge) Bahrain Telecommunications Company (Batelco) says it is seeking full payment following a successful $212 million claim in the English high court against Chinnakannan Sivasankaran and Siva Limited. The court upheld the claim of BMIC Limited (a fully-owned subsidiary of Batelco) that the defendants had failed to honour a Settlement Agreement signed in November 2011 relating to a commercial venture into which both parties had entered in 2009. According to a Batelco statement, the defendants had failed to pay the judgement debt by the 26 June 2014 deadline imposed by the court. (c) 2014 Al Hilal Publishing & Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info). |