Arbitration concerning the steam turbine burnout accident at Korea East-West Power
First written in FY2018. 9 of 12 entries say "Restated". Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022DroppedAnnual reportThe filing contains no specific disclosure regarding the arbitration concerning the steam turbine fire involving Korea East-West Power under material litigation and other legal proceedings.
- FY2022-Q3MitigatedAnnual report
「In this matter, the company and 三菱パワー decided to make a payment to East-West Power pursuant to the arbitral award dated 3 November 2021, but the resulting impact on the condensed quarterly consolidated financial statements was immaterial.」
The arbitration concerning the steam turbine fire initiated by Korea East-West Power resulted in a decision to make a payment pursuant to the arbitral award dated 3 November 2021, and the impact on the financial statements was deemed immaterial. - FY2022-Q1RestatedAnnual report
「In October 2017, the company and its consolidated subsidiary 三菱日立パワーシステムズ株式会社 (the “MHPS”) were subject to arbitration initiated by Korea East-West Power (the “East-West Power”) seeking damages for operating losses caused by a fire that occurred during test operation of a steam turbine power generation facility supplied by MHPS. The arbitration was filed with the Korean Commercial Arbitration Board.」
The company continues to state that the damages arbitration initiated by Korea East-West Power concerning the steam turbine fire remains pending. - FY2021-Q1RestatedAnnual report
「In October 2017, the company and its consolidated subsidiary 三菱日立パワーシステムズ株式会社 (the “MHPS”) were subject to arbitration initiated by Korea East-West Power (the “East-West Power”) seeking damages for operating losses caused by a fire that occurred during test operation of a steam turbine power generation facility supplied by MHPS. The arbitration was filed with the Korean Commercial Arbitration Board.」
The company continues to disclose the damages arbitration initiated by Korea East-West Power concerning the steam turbine fire, as well as the situation in which the company and MHPS dispute the scope of liability. - FY2020-Q3RestatedAnnual report
「In October 2017, the company and its consolidated subsidiary 三菱日立パワーシステムズ株式会社 (the “MHPS”) were subject to arbitration initiated by Korea East-West Power (the “East-West Power”) seeking damages for operating losses caused by a fire that occurred during test operation of a steam turbine power generation facility supplied by MHPS. East-West Power claims that the fire was caused by MHPS's intent or gross negligence and that the company and MHPS are liable for damages under the contract and Korean law. In response, the company and MHPS will maintain that MHPS had no intent or gross negligence and that its contractual liability is limited.」
The company continues to disclose the damages arbitration initiated by Korea East-West Power concerning the steam turbine fire, as well as the position of MHPS disputing intent, gross negligence and the scope of liability. - FY2020-Q2RestatedAnnual report
「In October 2017, the company and its consolidated subsidiary 三菱日立パワーシステムズ株式会社 (the “MHPS”) were subject to arbitration initiated by Korea East-West Power (the “East-West Power”) seeking damages for operating losses caused by a fire that occurred during test operation of a steam turbine power generation facility supplied by MHPS. East-West Power claims that the fire was caused by MHPS's intent or gross negligence and that the company and MHPS are liable for damages under the contract and Korean law. In response, the company and MHPS will maintain that MHPS had no intent or gross negligence and that its contractual liability is limited.」
The company continues to disclose the damages arbitration initiated by Korea East-West Power concerning the steam turbine fire, as well as the position of MHPS disputing intent, gross negligence and the scope of liability. - FY2020-Q1RestatedAnnual report
「In October 2017, the company and its consolidated subsidiary 三菱日立パワーシステムズ株式会社 (the “MHPS”) were subject to arbitration initiated by Korea East-West Power (the “East-West Power”) seeking damages for operating losses caused by a fire that occurred during test operation of a steam turbine power generation facility supplied by MHPS. The arbitration was filed with the Korean Commercial Arbitration Board.」
The company continues to disclose the damages arbitration initiated by Korea East-West Power concerning the steam turbine fire involving equipment supplied by MHPS. - FY2019RestatedAnnual report
「In October 2017, the company and its consolidated subsidiary 三菱日立パワーシステムズ株式会社 (the “MHPS”) were subject to arbitration initiated by Korea East-West Power (the “East-West Power”) seeking damages for operating losses caused by a fire that occurred during test operation of a steam turbine power generation facility supplied by MHPS. The arbitration was filed with the Korean Commercial Arbitration Board.」
The company continues to disclose the damages arbitration initiated by Korea East-West Power, as well as the position of MHPS disputing intent, gross negligence and the scope of liability. - FY2019-Q3RestatedAnnual report
「In October 2017, the company and its consolidated subsidiary 三菱日立パワーシステムズ株式会社 (the “MHPS”) were subject to arbitration initiated by Korea East-West Power (the “East-West Power”) seeking damages for operating losses caused by a fire that occurred during test operation of a steam turbine power generation facility supplied by MHPS. East-West Power claims that the fire was caused by MHPS's intent or gross negligence and that the company and MHPS are liable for damages under the contract and Korean law. In response, the company and MHPS will maintain that MHPS had no intent or gross negligence and that its contractual liability is limited.」
The company continues to disclose the damages arbitration initiated by Korea East-West Power concerning the steam turbine fire involving equipment supplied by MHPS, as well as the position of the company and MHPS disputing intent, gross negligence and the scope of liability. - FY2019-Q2RestatedAnnual report
「In October 2017, the company and its consolidated subsidiary 三菱日立パワーシステムズ株式会社 (the “MHPS”) were subject to arbitration initiated by Korea East-West Power (the “East-West Power”) seeking damages for operating losses caused by a fire that occurred during test operation of a steam turbine power generation facility supplied by MHPS. East-West Power claims that the fire was caused by MHPS's intent or gross negligence and that the company and MHPS are liable for damages under the contract and Korean law. In response, the company and MHPS will maintain that MHPS had no intent or gross negligence and that its contractual liability is limited.」
The company continues to disclose the damages arbitration initiated by Korea East-West Power concerning the steam turbine fire, as well as the position of the company and MHPS disputing intent, gross negligence and the scope of liability. - FY2019-Q1RestatedAnnual report
「In October 2017, the company and its consolidated subsidiary 三菱日立パワーシステムズ株式会社 were subject to arbitration initiated by Korea East-West Power seeking damages for operating losses caused by a fire that occurred during test operation of a steam turbine power generation facility supplied by MHPS. The arbitration was filed with the Korean Commercial Arbitration Board.」
The company continues to disclose the damages arbitration initiated by Korea East-West Power concerning the steam turbine fire, as well as its position disputing MHPS's intent, gross negligence and scope of liability. - FY2018First statedAnnual report
「In October 2017, the company and its consolidated subsidiary 三菱日立パワーシステムズ株式会社 were subject to arbitration initiated by Korea East-West Power seeking damages for operating losses caused by a fire that occurred during test operation of a steam turbine power generation facility supplied by MHPS. The arbitration was filed with the Korean Commercial Arbitration Board.」
A fire occurred during test operation of the steam turbine power generation facility supplied by MHPS, and Korea East-West Power initiated arbitration seeking damages.