[ET Net News Agency, 15 February 2013] Mongolia Energy Corporation (MEC) (00276) said a
writ of summons was issued in the Court of First Instance of the High Court of Hong Kong
by Leighton LLC against MEC.
Leighton claims for around HK$67.98 million against MEC, or alternatively damages for
breach of contract by MEC, as surety under a written contract of guarantee made on 2 June
2010, together with interest and costs.
MEC said it has instructed its legal adviser to defend the claims and to raise
counterclaims against Leighton. Given that the litigation process is at an early stage,
MEC considers that it is not practical to assess its potential impact on the Group at this
moment.
The writ was related to MoEnCo LLC's contractual dispute with Leighton LLC. MoEnCo LLC
is an indirect wholly owned operating subsidiary of MEC in Mongolia and Leighton is the
ex-contractor of coal extraction in the Khushuut Coal Mine. (HL)
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00276 MONGOLIA ENERGY
Nominal 
0.580 -0.040 (-6.452%) Others
15/02/2013 08:36
Mongolia Energy (00276) served writ by Leighton
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