Holland: Royal FrieslandCampina ruled not liable to pay 58 million euros in Thailand

The Holland headquartered dairy cooperative Royal FrieslandCampina was in 2021 sentenced in Thailand by the Court of First Instance to compensate a former client for a total amount of Thai Baht 2.2 billion (EUR 58 million). The court issued a judgment in a business dispute between RFC Thailand and a business-to-business client. In 2021, based on its interpretation of the contract between RFC and this client, the court concluded that, between 2009 and 2019, RFC had overcharged its client. RFC disagreed with the judgment and was appealing against it. In October 2023, the Bangkok Commercial Court of Appeal overruled the judgment of the Court of First Instance and ruled that FrieslandCampina is not liable to pay 58 million euros in damages alleged by this client. Parties can still file an appeal before the Supreme Court of Thailand.

Schreibe einen Kommentar

Deine E-Mail-Adresse wird nicht veröffentlicht.