Australia-based professional services firm Worley Ltd. has further clarified to the Australia Securities Exchange previous statements related to corruption issues alleged against the company in a December arbitration panel ruling that dismissed its claim in a long-running contract pay dispute with Ecuador state-owned energy firms that halted trading of company stock on Jan. 9.
The company responded in a more detailed disclosure to questions posed by the exchange that the firm "strongly disputes the statements regarding corruption" alleged by the Paris-based arbitration judges in the proceeding held under U.N. global trade auspices—"in particular it did not breach anti-bribery and corruption laws, and takes its responsibility under such laws extremely seriously."