Amsterdam District Court Dismisses All Claims Against Celanese in Shell and Repsol Cases

Regulation
โดย Business Wire·Read original
Summary · why it matters

The Amsterdam District Court has dismissed in their entirety the damages claim brought by Shell Chemicals Europe and a declaratory judgment claim from certain Repsol entities against Celanese and its co-defendants. Both claims arose from follow-on litigation related to a 2020 settlement with the European Commission over past ethylene purchases in North-Western Europe. Celanese stated that the decisions confirm its position that the claimants are not entitled to recover damages and that it will continue to defend against remaining claims in Dutch and German courts.

Impact on stocks 3

Critical Materials & Supply Chain · 1 stocks
Celanese Corporation
CE
▲ PositiveRegulationrelevance

Court dismisses all claims against Celanese, removing legal liability.

Energy · 1 stocks
Repsol S.A.
REP
▼ NegativeRegulationrelevance

Repsol's declaratory judgment claim dismissed, losing legal position.

Energy Transition & Power Demand · 1 stocks
Shell plc
SHEL
▼ NegativeRegulationrelevance

Shell's damages claim dismissed, losing potential compensation.