SETTLEMENT AGREEMENT

18.12.08


A mediation meeting took place on 4 December in Manchester to consider the AUGB's claim in respect of under insurance on the premises damaged by fire in February 2005.

It was agreed that the sum of £350,000 + costs would be paid to the AUGB in full and final settlement of the matter.  This agreement was reached without admission of liability by any party.

As reported on previously, Manchester Branch Committee now needs to sent the AUGB's Board of Directors (Rada):
•  an updated business plan together with
•  a copy of the £1M base case project.

 



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