Thai side claims USD 500 million damages from Carlsberg

The seven months long fight between Carlsberg and its former Thai partner, Carlsberg Brewery (Thailand) Company Limited (CBTL) has taken a new turn.
     In a statement of claim handed to Carlsberg this week does CBTL ask the Danes to pay up USD 500 million in damages.
     The Danish beer giant rejects the claim in a statement to the press.
     Carlsberg calls it “wholly unrealistic” and “no more than a tactic” to affect the ongoing arbitration in London.
     “On 27 August 2003 did Carlsberg terminate its license agreement with CBTL because of a failure by CBTL to perform its contractual obligations, not least the payment of royalties which were due under the license,” writes Carlsberg Denmark.
     “Carlsberg and its external lawyers are convinced that CBTL’s allegations are without any merit, that the termination of the license is lawful and that no damages are payable by Carlsberg,” continues the statement.
     The Thai side has not yet publicly commented Carlsberg’s rejection of the claim.

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