[Solved] 聽Expenses relating to legal cases. The company has 2 legal actions...

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[Solved] 聽Expenses relating to legal cases. The company has 2 legal actions...

2023-01-31 08:54| 来源: 网络整理| 查看: 265

聽Expenses relating to legal cases. The company has 2 legal actions against it that are currently pending.:

0 The first relates to a claim lodged in February 2021 against the company by a former 聽 director 聽 who 聽 was 聽 dismissed 聽 from 聽 the 聽 company. 聽 A 聽 provision 聽 of $20,000,000 (and related expense) was originally recognised by the company in the year ending 30 June 2022. However, in February 2023 the company's lawyers advised that the amount expected to be paid had increased to $22,000,000. The case is expected to be decided in court in December 2025.

o 聽The 聽second 聽relates 聽to 聽a 聽claim 聽against 聽the 聽company 聽for 聽breach 聽of 聽another company's patent in July 2022. Following legal advice, the company is expected to reach a settlement agreement in September 2023 and is expected to have to pay $14,000,000 at that time.

whats the legal expenses to be recorded ?



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