VOL. XXXVIII
NO. 22
27-FEBRUARY-1995
Financial and Banking News
Legislation Regulation
Hyundai Wins Landmark Ruling Against Saudi Housing Ministry
In a landmark ruling, a Saudi court has ordered the country's Public Worksand Housing Ministry to pay Hyundai Engineering and Construction SR128mn($34.1mn) in overdue payments and to reimburse it a further SR235mn ($62.7mn) inmoney which had been deducted from previous payments on the grounds of allegedcompletion delays. Hyundai's lawyer said the size of...
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