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Woolworths and Lowe's sent to arbitration

AAP logoAAP 27/09/2016

The courtroom stoush between Woolworths and its US-based joint venture partner in the collapsed Masters hardware chain has been sent to arbitration.

Woolworths has secured a stay of Federal Court proceedings brought by Lowe's seeking a wind-up by liquidator of the Masters business.

The US hardware giant accused its Australian partner of acting "oppressively" in its termination of the joint venture.

On Tuesday Judge Lindsay Foster granted a stay of the proceedings and vacated future hearing dates, with Woolworths and Lowe's to now seek to resolve all matters in the dispute - except the final question of whether a winding up order is to be made - via arbitration.

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