Sasken asked to pay $1.5 mn in damages

Category: News | No Comments | Posted on December 25, 2005

The London Court of International Arbitration has ordered Sasken Communication to pay close to $1.15 million to one of its customers 3G.com. The Tribunal has ordered that Sasken shall pay 3G.com, damages in the sum of $1.15 million in addition to the legal and other costs in the sum of $173,760. Sasken shall also bear the total cost of Arbitration amounting to GBP 168,150.

Sasken during 2001 had engaged 3G.com as one of its customer for a technology solution (Single Mode UMTS Stack) and while implementing this, Sasken took a decision to change the roadmap for this product, which 3G.com did not accept.

3G.com subsequently took the legal process through which it demanded $8.75 million as damages. After the legal process, the court decided on $1.15 million as damages to be paid by Sasken.

Sasken said that the further course of action in the matter including filing of appeal in the appropriate courts will be decided in consultation with the lawyer upon receipt of certified copy of the Award from the Tribunal.

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