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Compliance Updates

Norway court orders against GiG in Euro TV AS case

Published

6 years ago

on


Norwegian Government Introduces New Legislation to Crack Down on Unlicenced Operators
Photo Source: domstol.no
Reading Time: < 1 minute

 

Bergen City Court in Norway has ordered Gaming Innovation Group Inc. (GiG) to transfer 3.4 million shares to Euro TV AS on the basis of an alleged oral agreement between the parties 30 April 2015. The order comes as a blow to the Malta-based gaming technology company.

GiG is assessing the order and will make a decision on whether appeal the order or not.

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