LCIA rules in favour of the PCB against Techfront and Blitz

LAHORE: London Court of International Arbitration (LCIA) has reportedly ruled in favor of the Pakistan Cricket Board (PCB) in the arbitration proceedings initiated against Techfront International FZE (Techfront) and Blitz Advertising PVT. Limited. 

According to reports, the dispute relating to Techfront International was on default of rights fee payments concerning the Television Broadcast and live streaming media rights agreement pertaining to the HBL PSL (Pakistan Super League). Meanwhile, the dispute with Blitz Advertising was on the basis of delayed live streaming media rights fee payments for HBL PSL 2020 matches. 

US condemns UAE Houthi attack, vows to hold rebels accountable for “terrorist attack”

US airlines warn of “catastrophic disruption” if 5G deployed near airports

The LCIA’s arbitrator reportedly dismissed the claims by Techfront and Blitz and ordered them to pay the PCB its “rights fees rightfully due to be paid to PCB in lieu of counter-claims, damages, arbitration, and legal costs” including miscellaneous expenses. According to reports, the Chief Operating Officer of PCB, Barrister Salman Naseer has said that the decision comes as a ‘major triumph for the PCB as the national sports body has successfully claimed “substantial revenues of the HBL Pakistan Super League”. 

Airstrike by coalition forces on Yemeni capital kills 14 people

Drug paddlers, addicts using WhatsApp groups for sale, purchase

Sheikh Rasheed issues terror warning for Islamabad following the killing of a policeman

Human Rights Minister greets CM Punjab

Naseer added that the LCIA directive indicates the ‘air-tight’ nature of the contracts adding that the PCB will take any measures necessary to ensure the protection of “the HBL PSL brans as well as the interests of our franchises”. 

According to reports, the awards have been issued in accordance with Pakistani laws and reviewed under LCIA regulations, thereby, binding the parties involved by virtue of the arbitration agreement. 

Lahore Police retrieves properties

Who is PM Johnson likely to be succeeded by?

Usman Mirza Case: Arrest warrant issued for young couple

Indonesia passes law to relocate its capital

Stay tuned to Baaghi TV for more. Download our app for the latest news, updates & interesting content!