Datalex : Arbitration award in favour of Datalex against Lufthansa - 29 September 2021
09/29/2021 | 03:52am EST
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Arbitration award in favour of Datalex against Lufthansa
Dublin, Ireland - 29 September 2021: Datalex plc ("Datalex", the "Company" or the "Group") (Euronext
Growth Dublin: DLE), a market leader in digital retail technology focused on the airline market, announces that the International Court of Arbitration of the International Chamber of Commerce (the "Court") has found in its favour in the arbitration action between its wholly owned subsidiary Datalex Solutions (UK) Limited and Deutsche Lufthansa Aktiengesellschaft ("Lufthansa").
As previously disclosed, Datalex initiated arbitration proceedings on 5 March 2020 before the Court seated in London to recover amounts owed to the Group by Lufthansa in connection with services provided to Lufthansa's subsidiary, Swiss International Airlines Limited. The Court appointed Sole Arbitrator has now ruled in favour of Datalex, finding that (i) Lufthansa must pay Datalex €823,000 plus interest; (ii) Lufthansa must bear its own legal costs and reimburse a portion of Datalex's costs; and (iii) Lufthansa must reimburse Datalex for 50% of its contribution towards the ICC's expenses.
Datalex will continue in pursuit of its other claims against Lufthansa. As previously disclosed, the Group has commenced separate proceedings against Lufthansa in Landgericht Frankfurt (Regional Court of Frankfurt) to recover amounts due from Lufthansa and claiming general business damages, and Lufthansa has counter- claimed, claiming damages and requesting a declaratory judgement for potential further damages. The Company will keep shareholders informed of material developments.
This announcement is released by Datalex plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("EU MAR") and is disclosed in accordance with the Company's obligations under Article 17 of EU MAR.
Datalex is a market leader in digital commerce for travel retail. Datalex provides airlines with unique products to drive revenue and profit as digital retailers. Today the Datalex Digital Commerce Platform enables a travel marketplace of over one billion shoppers covering every corner of the globe, driven by some of the world's most innovative airline retail brands. Datalex's customers include JetBlue Airways, Air China, Tianjin Airlines, West Air, Guangxi Beibu Gulf Airlines, Urumqi Air, Air Changan, SAS, KLM, Turkish Airlines, Copa Airlines, Aer Lingus, Edelweiss, Air Transat and Trailfinders. The Group is headquartered in Dublin, Ireland,
and maintains offices across Europe, the USA and China. Datalex plc is a publicly listed company on Euronext Growth. Learn more at www.datalex.com or follow on twitter @Datalex.
Datalex plc published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 07:51:04 UTC.