Nordion may have to pay some of Atomic Energy of Canada's (AECL) costs from a 3-year-old dispute related to the ill-fated Multipurpose Applied Physics Lattice Experiment (MAPLE) nuclear reactor project.
Nordion has received and is assessing the legal merits and financial implications of AECL's submission to an arbitration tribunal of approximately $46 million in arbitration-related costs. Nordion expects to file a response to AECL's submission with the tribunal in early 2013.
On September 7, the arbitration tribunal ruled in favor of AECL and dismissed Nordion's claim. No other information about the ruling is available, as both AECL and Nordion are bound by confidentiality, including the details of the decision.
The tribunal is expected to schedule proceedings to hear both parties' arguments early next year. Nordion expects a decision to be rendered regarding the allocation of arbitration-related costs soon thereafter.
