– Uruk fails to respond to rule 68 of the proposal –
American Fork, Utah, November 20, 2020 / PRNewswire / – In a decision date November 18, 2020, Ucore Rare Steel, Inc., after the Nova Scotia Supreme Court rejected the Ucore contempt motion in favor of IBC. (“Ucore”) against IBC Advanced Technologies, Inc. (“IBC”) awarded with cost. The Nova Scotia Supreme Court assessed the amount of costs payable at IBC, as well as disbursements, at four times the tariff amount that would normally apply. The Court noted the fact that contempt charges are very serious cases and, since Ucore was unsuccessful, the cost should be a result beyond the normal tariff.
IBC press release dated September 4, 2020 Ucore described the court’s decision in favor of IBC in rejecting the contempt motion. Ucor suggested that IBC’s filing for summary judgment in UBC Federal Court was contempt. Yukor sought to punish IBC for exercising its legal rights in Utah. Ucor’s attempt failed and at that time, the court determined the costs to IBC, the amount of which was to be determined. Please see the link below:
https://www.prnewswire.com/news-releases/nova-scotia-supreme-court-rules-in-ibcs-favor-denies-ucores-attempt-to-prevent-ibc-from-filing-motion-for- Summary Judgment – Award-IBC-Cost-301124650.html
IBC is very pleased with the decisions of the court and is confident of the possibilities for further success in its case.
Rule 68 proposed
On October 26, 2020, IBC filed a Rule 68 offer of Judgment, in which Ucore had fourteen (14) days to pay IBC $ 250,000 To settle all outstanding lawsuits with IBC. Ucore failed to accept the motion for adjudication within the required time period, triggering recovery of attorney fees and costs. Such failure may be subject to Ucore for payment of costs incurred by IBC from the date of service of the decision by IBC. The proposal is a concrete indication of IBC’s belief that it will win a substantial award at the trial; It also protects IBC from paying attorney fees and costs, and provides IBC with the ability to collect costs from Ucore that will be beyond this point.
IBC is an award-winning provider of proprietary and innovative MRT products and processes based on Green Chemistry and Green Engineering to premiere customers worldwide. IBC’s SuperLig®, AnaLig® and MacroLig® products and related processes are used in manufacturing, analytical and laboratory applications.
In 1988, IBC was founded in the name of three. Brigham Young University Prof. Dr. Reid M. Izat, Dr. Gerald S. Bradshaw And Dr. James j. Christensen.
IBC International is the proud sponsor of the Izat-Christenson Award. The award was instituted in 1991 and is named Dr. Reid M. Izat and Drs. James j. ChristensenTwo of the founders of IBC recognize excellence in macrocyclic and supramolecular chemistry. It is known as one of the most prestigious small awards in chemistry. The award is conferred annually at the International Symposium on Macrocyclic and Supramolecular Chemistry (“ISMSC”). Two of the awardees later shared the 2016 Nobel Prize in Chemistry. Establishment of ISMSC precursor Dr. Izat and Drs. Christensen did it in 1977.
A privately held Utah The corporation, IBC counts among its shareholders a multi-billion dollar international manufacturing company, has been a major customer and beneficiary of IBC for over thirty (30) years. IBC has built its business on integrity, trust and excellence and values its close association with such top tier companies.
IBC provides worldwide proprietary, green chemistry and green engineering SuperLig® molecular recognition technology products and processes. More information can be found at www.ibcmrt.com.
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