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 … Continue reading LCIA rules in favour of the PCB against Techfront and Blitz