| China Sunergy Provides Update on the Dispute With REC Wafer |
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| News archive - Maritime | |||
| Monday, 12 July 2010 15:31 | |||
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China Sunergy Co., Ltd. ("China Sunergy" or the "Company") a leading solar cell and module manufacturer based in Nanjing, China, today announced updates regarding the Company's dispute with REC Wafer Norway AS. In response to the recent Norwegian District Court ruling on July 5th, 2010 in favor of REC Wafer, China Sunergy is considering an appeal against the ruling. The USD 50 million bank guarantee is currently still blocked from being withdrawn by REC Wafer, as China Sunergy is further appealing the Supreme Court of Norway for an injunction.
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