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[2008-06-18] Supper Paper Products Company Ltd (SPPC) In Litigation Case. SPPC announced that damages of USD2.5mn has been awarded against it in the judgment of a case involving the company and Kyomatsu Company Ltd on July 27, 2006. Damages of about USD1.7mn had been previously awarded to SPPC in the same case. Both parties have filed an appeal and SPPC has secured a stay of execution of the judgment. The management of SPPC is of the opinion that the appeal will be successful and the judgment against the company reversed. If the appeal is successful, management does not expect to receive any damages due it, as the counterparties are offshore and the amounts probably uncollectible. However, if the appeal is unsuccessful, SPPC will have to pay USD0.8mn in net damages. Source: Ghanaweb