Tivoli Arendus OÜ which belongs to the group of Arco Vara submitted on 10 September, 2013 a claim against Nordecon AS. The value of the main claim is 1 898 791, 24 EUR. The basis of the claim derives from the Design and Construction Contract which was concluded on 21. May, 2012 between Tivoli Arendus OÜ and Nordecon AS.
On 13 September, 2013 Nordecon AS submitted a claim against Tivoli Arendus OÜ to the court. The subject matter of the claim is inter alia the financial claim in the amount of 174 552 EUR and stopping the realisation of the guarantee letter issued to Tivoli Arendus OÜ by Nordecon AS.
Marko Err
CFO
Arco Vara AS
Tel: +372 614 4503
marko.err@arcovara.ee
http://www.arcorealestate.com