Economy Alliances

Archive for the ‘stock’ Category

The owner of the Commercial Court No. 1 of Bilbo has completely rejected the claim that ACS filed against the rejection of Bedroll to access your board, despite being the largest shareholder of the electric current with a share of 20.2 %.

The judge is justified the dismissal of the director who proposed ACS for Bedroll, noting “risks” because both companies “competing” in renewable energy and industrial engineering and have interests in other areas such as the electric car.

In his opinion, none of the grounds of appeal raised by ACS “justifies” the cancellation of the two agreements of the last meeting of shareholders of the power in March 2010, challenged by the builder, corresponding to the removal of director he had appointed and the reduction to fourteen the number of members of the board of directors of Bedroll.

The ruling was issued nearly a year after the start of the legal dispute between the two companies. Today, another lawsuit is pending that face; the challenge for Bedroll presented in a Commercial Court of Madrid against ACS and accounts that resulted in another trial on the indirect participation of the construction through Matrixes.

In addition, the sentencing judge Bilbo days after the Supreme Court rejected the request of Bedroll to suspend the obligation to remove shields in listed companies, including the reform of the Audit Law and Corporations and shall enter into force on July 1, until the appeal is that the electric filed against this new standard.