3i Infotech Singapore unit faces adverse arbitration order in Bao Minh project
3IINFOLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
3i Infotech's Singapore subsidiary received an arbitration order from VIAC on April 21, 2026, in a dispute with Bao Minh Insurance Corporation over the PREMIA 11 insurance system. Bao Minh alleged non-delivery and project delays. Potential liability: USD 37,388 penalty, USD 333,263 advance refund, plus VND 306 million in arbitration fees and costs. The company says the order was passed unilaterally without a hearing and will contest it, while also seeking indemnification from Azentio Software under the Business Transfer Agreement.
Adverse arbitration order on subsidiary; company plans to dispute. Financial quantum is small but legacy contract risk is highlighted.