JUDGEMENT RESERVED IN SAFCOL / YORK MATTER
Judgement was reserved today in the High Court, Pretoria, in the proceedings
between South African Forestry Company Limited (Safcol) and Yorkcor's main
operating subsidiary, York Timbers Limited (York). Safcol is seeking a
declaratory order that York's evergreen contracts, concluded in 1968 and
1970, were validly terminated in November 1998. The action is part of a
series of litigation in the High Court as well as the Competition Tribunal
some of which is still pending.
Pending also, is an application by York for a contempt order against the
Minister and the Director General of Water Affairs and Forestry for failing
to honour several orders of the High Court and Supreme Court of Appeal.
That matter was postponed sine di e (without a date) after the late filing
of papers by the Respondents. It will be set down for hearing as soon as
pleadings have been closed.
Judge Annemarie de Vos who heard the SAFCOL/York matter during the past
three weeks has said that she intends to deliver her judgement as soon as
possible.
Ends Yorkcor/mrelease/Yorkcor Court Case.mr
ISSUED FOR Yorkcor Limited
:
CONTACT : Solly Tucker (012) 804 9730/083 456 9900
FAX NO: : (012) 804 8611
E-MAIL : Sol@yorkkcor.co.za
ISSUED BY : TISH STEWART PR ASSOCIATES
CONTACT : Tish Stewart (011) 325 4195 Cell: 082 443 6399
FAX NO : (011) 325-4199
E-MAIL : Tish@tspr.co.za
DATE : 05 March 2002
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
