Wonder schreef op 15 augustus 2014 22:34:
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"GTaT had delivered 30 ASF units to TXT in 2012, all of which TXT sought to return for a refund. The Panel ruled that TXT had to keep 2/3s, or 20, of the ASFs, and to pay to GTAT the outstanding amounts due for those 20 ASFs (approximately $1.9 to be paid to GT)
The panel also ruled that GTAT had to take back 10 ASFs, and GTAT had to refund to TXT the purchase price already paid for those 10 units. which is approximately $4 million payable to TXT when netted against the amounts owed by TXT to GTAT.
GTAT was scheduled to deliver another 68 units to TXT, and was holding approximately $16 million of TXT’s funds as a security deposit. The Panel ruled that TXT did not have to take the 68 units and ordered GTAT to return TXT’s security deposit.
TXT also sought over $25 million in damages to repay it for the expense it incurred in building a facility to house the ASFs. The Panel rejected TXT’s claim in its entirety.
The panel also ordered GTAT to pay interest on the amounts due to TXT, which results in GT having to pay approximately $3 million in interest in addition to the refund of the security deposit and the refund for the 10 ASFs.
In summary, the panel ruled that TXT must keep 2/3s of the units delivered to them by GTAT. In addition, the vast majority of payment owed by GTAT to TXT relates to the return of their deposit for units not yet delivered."