Nigerian Pharma Company Faces Arbitration Over Unpaid Invoices
Adcem Pharmaceuticals Ltd is in a legal dispute with Fresenius Medical Care Deutschland GmbH over unpaid invoices totaling USD 922,512.62 in Nigeria. Despite acknowledging the debt, Adcem emphasizes its commitment to fulfilling financial obligations.
The disagreement has led to arbitration proceedings initiated by Fresenius through the Deutsch Institut für Schiedsgerichtsbarkeit. Negotiations for a settlement are ongoing, aiming to preserve their business relationship.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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