TWO companies of the Lopez-led conglomerate First Philippine Holdings Corp. (FPH) have won an international arbitration case involving compensation of about P3 billion in damages against a South Korean firm that failed to deliver on a solar wafer-slicing deal.
In a disclosure to the Philippine Stock Exchange, FPH said that its unit First PV Ventures Corp. and its joint venture firm First Philec Nexolon Corp. (FPNC) won an arbitration case they filed in 2012 with the International Chamber of Commerce (ICC) against South Korea-based Nexolon Co. Ltd.
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