Accsys arbitration case battles on

Aim-listed wood hardening technology firm Accsys Technologies yesterday said it remains “extremely confident” that arbitration brought against it by Diamond Wood China would end in its favour. Diamond Wood is seeking damages in excess of €140m (£118m) after Accsys terminated its contract but a source close to Accsys – which is run by the brother of UK deputy PM Nick Clegg – said that the figure “is in no way based in reality”.