Bubs Australia Limited (ASX:BUB) Wins Arbitration Awards
Legal Dispute Resolution
Bubs Australia Limited (ASX:BUB) announced that its subsidiary, The Infant Food Co. Pty Limited, has won arbitration awards against Alice and Willis. The Australian Centre for International Commercial Arbitration awarded $22.9 million against Alice and $3.6 million against Willis, including legal costs and interest.
Next Steps
Bubs will now evaluate options to recover the awarded amounts from Alice and Willis.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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