Local area network equipment and communications software developer Univation Inc, Milpitas, California says it intends to file for protection under Chapter XI of the US Federal Bankruptcy Code in response to an adverse arbitration decision in its case against Lifeware Systems Designer Team Inc. The panel of arbitrators found that Univation had materially breached its […]
Local area network equipment and communications software developer Univation Inc, Milpitas, California says it intends to file for protection under Chapter XI of the US Federal Bankruptcy Code in response to an adverse arbitration decision in its case against Lifeware Systems Designer Team Inc. The panel of arbitrators found that Univation had materially breached its contract with Lifeware, allowing Lifeware to terminate Univation’s licence to the LifeNet software. Univation says that the arbitrators did not address its claim of breach of obligations by Lifeware.
