Solarworld's management argued that the supplier contract with Hemlock Semiconductor was not valid because the silicon contracts violated European anti-trust laws. The US-district court however did not share this view. Consequently, Solarworld's share price dropped by around 60% to €5.85 and recovered to €9.65 because the survival of the company is at risk. Hemlock Semiconductor is looking for total compensation of US$676m from the subsidiary of Solarworld called Solarworld Industri
03 Nov 2015
Are contingent liabilities becoming real liabilities?
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Are contingent liabilities becoming real liabilities?
Solarworld's management argued that the supplier contract with Hemlock Semiconductor was not valid because the silicon contracts violated European anti-trust laws. The US-district court however did not share this view. Consequently, Solarworld's share price dropped by around 60% to €5.85 and recovered to €9.65 because the survival of the company is at risk. Hemlock Semiconductor is looking for total compensation of US$676m from the subsidiary of Solarworld called Solarworld Industri