HASTIE Group has taken legal action in Dubai to try to stop a client cashing in more than $6 million of construction bonds after a payments dispute between the two companies escalated at the end of last week.
The row is over what Hastie says is more than $8.5 million in underpayments on completed work under its $50 million contract fitting out the near-complete Novotel complex.
Relations have gradually soured between Hastie's Dubai joint venture company, Rotary-Humm, and the builder Dutco Balfour, a subsidiary of British construction and engineering giant Balfour Beatty.
Can Rotary Humm will Pay Its Creditors or They will also run Like Hastie Group
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