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20.9 Significant change in the issuer’s financial or trading position
FINANCIAL INFORMATION CONCERNING ASSETS,
FINANCIAL POSITION AND FINANCIAL PERFORMANCE
20
20.8.
LEGAL AND ARBITRATION PROCEEDINGS
The group is involved in a number of disputes with a potentially significant negative
impact on its operations, financial position or reputation.
Appropriate provisions are set aside to cover the expenses that may result from
these disputes or proceedings, based on case-by-case analysis.
In addition, some disputes concern damages or losses that are covered under the
group’s insurance policies or other forms of guarantee.
Except for the proceedings explained in Section 4.2.3.
Significant risks and disputes
involving AREVA
, and to AREVA’s knowledge, there is no other administrative,
judicial or arbitration proceeding pending or threatened that had or could have
a significant impact on the financial position, profitability or reputation of AREVA
and/or of the group over the past 12 months.
For information, on June 21, 2013, the CCCM company instituted an arbitration
request with the German Institute of Arbitration (Deutsche Institution fur
Schiedsgerichtsbarketi, DIS) against the consortiumof AREVA Renewables GmbH
and AREVA Bioenergia Ltda. In July 2014, CCCM filed a second arbitration brief in
which it asks, firstly, for 13,030,086.93 euros for alleged default on the Sao Borja
EPC contract (construction of a biomass power plant in the State of Rio Grande
do Sul, Brazil). Secondly, CCCM asks that the AREVA Renewables / Bioenergia
Consortium be held liable for all damages suffered by CCCM as a result of the
termination of three other biomass construction contracts among the same parties.
CCCM is requesting 45,017,503.79 euros for damages and interest in this regard.
Following the hearings and post-hearing writings of the parties in 2015, a decision
was rendered on September 13, 2016 in favor of AREVA Renewables GmbH and
AREVA Bioenergia Ltda.
20.9.
SIGNIFICANT CHANGE IN THE ISSUER’S FINANCIAL
OR TRADING POSITION
Significant events between year-end closing for 2016 (December 31, 2016) and the date of this Reference Document arementioned in Note 35 of Section 20.2.
Notes to the
consolidated financial statements for the year ended December 31, 2016,
and in section 9.3.
Events subsequent to year end closing for 2016 of this Reference Document.
2016 AREVA
REFERENCE DOCUMENT
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