webfact Posted April 22, 2019 Share Posted April 22, 2019 SRT must reimburse Hopewell: court By The Nation The Supreme Administrative court on Monday ordered the State Railway of Thailand (SRT) to reimburse Hopewell Co Ltd Bt12 billion for the termination of the contract following the arbitral award order on 8 November 2008. Under the ruling, SRT has to pay within 180 days of Monday’s court order. File photo Source: http://www.nationmultimedia.com/detail/breakingnews/30368112 -- © Copyright The Nation 2019-04-22 Link to comment Share on other sites More sharing options...
Popular Post CGW Posted April 22, 2019 Popular Post Share Posted April 22, 2019 Bangkok Stonehenge, how many years has this been dragging on now, has to be over 20? 5 Link to comment Share on other sites More sharing options...
geoffbezoz Posted April 22, 2019 Share Posted April 22, 2019 I understood that Hopewell Co Ltd was already a dissolved company. Perhaps someone can update me. This being the case then surely this award against SRT is meaningless as there is no legal entity in existence to which the 12 billion can be paid. Or does it just go to somewhere else !!!!!!!! 1 Link to comment Share on other sites More sharing options...
Popular Post bluesofa Posted April 22, 2019 Popular Post Share Posted April 22, 2019 6 minutes ago, geoffbezoz said: I understood that Hopewell Co Ltd was already a dissolved company. Perhaps someone can update me. This being the case then surely this award against SRT is meaningless as there is no legal entity in existence to which the 12 billion can be paid. Or does it just go to somewhere else !!!!!!!! I see you must have experience in the Department of Asking Awkward Questions. It's often a life-threatening occupation if the wrong questions are asked of influential people. 2 6 Link to comment Share on other sites More sharing options...
billd766 Posted April 22, 2019 Share Posted April 22, 2019 23 minutes ago, CGW said: Bangkok Stonehenge, how many years has this been dragging on now, has to be over 20? They were working on it when I first came here back in 1993 1 Link to comment Share on other sites More sharing options...
Chang_paarp Posted April 22, 2019 Share Posted April 22, 2019 Wot no interest on the outstanding amount? 27 minutes ago, geoffbezoz said: I understood that Hopewell Co Ltd was already a dissolved company. I am sure some lawyer will find the paperwork to claim the money. 1 Link to comment Share on other sites More sharing options...
geoffbezoz Posted April 22, 2019 Share Posted April 22, 2019 1 minute ago, billd766 said: They were working on it when I first came here back in 1993 Well guess what sort of government awarded it at the time ? Read this and perhaps it will come clear that zero has changed in almost 30 years as to the depths of alleged corruption. Some prominent and "respected" figures at that time are still surviving today if you do a bit of research. Interesting article here; https://en.wikipedia.org/wiki/Bangkok_Elevated_Road_and_Train_System 2 Link to comment Share on other sites More sharing options...
bluesofa Posted April 22, 2019 Share Posted April 22, 2019 2 minutes ago, Chang_paarp said: Wot no interest on the outstanding amount? I am sure some lawyer will find the paperwork to claim the money. I bet if the international press got involved in asking questions about where the payment was going to, the story would be shut down here PDQ, as 'a threat to national security'. It's always useful to have that old chestnut to fall back when there are important people in the hierarchy who need to deflect the truth. 2 1 Link to comment Share on other sites More sharing options...
dabhand Posted April 22, 2019 Share Posted April 22, 2019 31 minutes ago, geoffbezoz said: I understood that Hopewell Co Ltd was already a dissolved company. Perhaps someone can update me. This being the case then surely this award against SRT is meaningless as there is no legal entity in existence to which the 12 billion can be paid. Or does it just go to somewhere else !!!!!!!! Hopewell Holdings Ltd would likely have taken over the legal action and would therefore have funded this case. It has been listed on the HK stock exchange since 1972 and, interestingly, it was taken private in March 2019. A coincidence or......... https://en.wikipedia.org/wiki/Hopewell_Holdings Link to comment Share on other sites More sharing options...
geoffbezoz Posted April 22, 2019 Share Posted April 22, 2019 1 minute ago, dabhand said: Hopewell Holdings Ltd would likely have taken over the legal action and would therefore have funded this case. It has been listed on the HK stock exchange since 1972 and, interestingly, it was taken private in March 2019. A coincidence or......... https://en.wikipedia.org/wiki/Hopewell_Holdings Interesting stuff, effectively meaning that the 12 billion could be heading to Hong Kong, China ? Well I never !! 1 1 Link to comment Share on other sites More sharing options...
billd766 Posted April 22, 2019 Share Posted April 22, 2019 9 minutes ago, geoffbezoz said: Well guess what sort of government awarded it at the time ? Read this and perhaps it will come clear that zero has changed in almost 30 years as to the depths of alleged corruption. Some prominent and "respected" figures at that time are still surviving today if you do a bit of research. Interesting article here; https://en.wikipedia.org/wiki/Bangkok_Elevated_Road_and_Train_System Here is a link of Thai Prime Ministers and their political parties going back to 1932. https://en.wikipedia.org/wiki/List_of_Prime_Ministers_of_Thailand Link to comment Share on other sites More sharing options...
geoffbezoz Posted April 22, 2019 Share Posted April 22, 2019 1 minute ago, billd766 said: Here is a link of Thai Prime Ministers and their political parties going back to 1932. https://en.wikipedia.org/wiki/List_of_Prime_Ministers_of_Thailand The PM at the time was mentioned in my link already if you read it. No need for the list back to 1932 as that is getting off topic. Link to comment Share on other sites More sharing options...
Just Weird Posted April 22, 2019 Share Posted April 22, 2019 8 minutes ago, geoffbezoz said: Interesting stuff, effectively meaning that the 12 billion could be heading to Hong Kong, China ? Well I never !! As Hopewell was a HK company where else would it be expected to go? Link to comment Share on other sites More sharing options...
Popular Post webfact Posted April 22, 2019 Author Popular Post Share Posted April 22, 2019 Hopewell Holding wins final court battle over controversial project The Thai Ministry of Transport and the State Railway of Thailand have been dealt a devastating blow as the Supreme Administrative Court today overturned the Administrative Court’s verdict and ordered the two state agencies to pay almost 11.9 billion baht in compensation to Hong Kong-based Hopewell Holdings Company for the termination of the Hopewell project. The compensation, plus another 500 million baht in bank guarantees put up by Hopewell Holdings Company, must be paid within 180 days of the verdict from the Supreme Administrative Court. The Thai court’s verdict will put an end to the long-running legal battle, between the Transport Ministry and the SRT on one side and Hopewell Holdings on the other, over the 60-km elevated highway and rail line from central Bangkok to Don Meuang international airport. Full story: https://www.thaipbsworld.com/hopewell-holding-wins-final-court-battle-over-controversial-project/ -- © Copyright Thai PBS 2019-04-22 2 1 Link to comment Share on other sites More sharing options...
Popular Post Eric Loh Posted April 22, 2019 Popular Post Share Posted April 22, 2019 Hopewell Holding belongs to Sir Gordon Wu and one of the largest builders of roads, tunnels and bridges. He has tons of money to fight the case and for his name. 6 Link to comment Share on other sites More sharing options...
billd766 Posted April 22, 2019 Share Posted April 22, 2019 I would say that it will probably bankrupt the SRT but they are there already. I Googled SRT debts and came up with this from the Nation back in 2016. http://www.nationmultimedia.com/business/Plan-to-revive-loss-making-SRT-30296163.html Link to comment Share on other sites More sharing options...
natway09 Posted April 22, 2019 Share Posted April 22, 2019 A rightful decision. SRT (Thailands worst run Govt Dept) decided after all contracts signed & work progressing that they wanted another 600 mil USD for the air rights. Hopewell did a recalculation & decided to walk away. It did not hurt that they had just inked their biggest contract ever building a massive highway in China Link to comment Share on other sites More sharing options...
Eric Loh Posted April 22, 2019 Share Posted April 22, 2019 22 minutes ago, billd766 said: I would say that it will probably bankrupt the SRT but they are there already. I Googled SRT debts and came up with this from the Nation back in 2016. http://www.nationmultimedia.com/business/Plan-to-revive-loss-making-SRT-30296163.html SRT and other state owned enterprises will never be bankrupt under the law. I think this kind of law applies to most countries. Tax payers will have to bear the burden. 1 Link to comment Share on other sites More sharing options...
Bangkok Barry Posted April 22, 2019 Share Posted April 22, 2019 Bearing in mind that SRT has always pleaded poverty and that it runs at a loss, how will they pay? The answer is they can't, although perhaps if they sold off their derelict land in the centre of Bangkok that is the size of a village..... They might even be able to lay decent tracks with the leftovers. 2 Link to comment Share on other sites More sharing options...
Thakkar Posted April 22, 2019 Share Posted April 22, 2019 Hopwell have successfully built major projects in famously corrupt countries like The Philippines, India, and China. Thailand was at a level even Hopwell couldn’t tackle. I remember reading an exasperated Gordon Wu giving an interview on this Thai project more than a decade ago. 1 Link to comment Share on other sites More sharing options...
SOTIRIOS Posted April 22, 2019 Share Posted April 22, 2019 ...good for him...Sir Gordon Wu....!!! ...the bad news is .....you have to be someone of his stature and might to have any hope in hell of any...eventual litigation settlement...even when you are well within your rights...??? Link to comment Share on other sites More sharing options...
Srikcir Posted April 22, 2019 Share Posted April 22, 2019 7 hours ago, webfact said: The Supreme Administrative court I've never seen a country with so many supreme courts. Administrative Supreme Court, Criminal Supreme Court and Constitutional Court. And of course currently for civilians tried in military courts, there is no supreme court for appeals. 1 Link to comment Share on other sites More sharing options...
atyclb Posted April 22, 2019 Share Posted April 22, 2019 7 hours ago, CGW said: Bangkok Stonehenge, how many years has this been dragging on now, has to be over 20? "Bangkok Stonehenge" soon to be a world heritage site Link to comment Share on other sites More sharing options...
atyclb Posted April 22, 2019 Share Posted April 22, 2019 1 hour ago, Thakkar said: Hopwell have successfully built major projects in famously corrupt countries like The Philippines, India, and China. Thailand was at a level even Hopwell couldn’t tackle. I remember reading an exasperated Gordon Wu giving an interview on this Thai project more than a decade ago. hopewell is a hong kong based company thus would imagine the thai courts have a keen interest in not upsetting the china hierarchy Link to comment Share on other sites More sharing options...
CGW Posted April 22, 2019 Share Posted April 22, 2019 6 minutes ago, atyclb said: hopewell is a hong kong based company thus would imagine the thai courts have a keen interest in not upsetting the china hierarchy Back when all this started Hopewell was in a British colony, time moves on .............................. so your saying they didn't care about upsetting us Brits? Link to comment Share on other sites More sharing options...
Sydebolle Posted April 22, 2019 Share Posted April 22, 2019 This was apparently the same project which resulted in HM's B737 getting impounded in Munich some years back until (then government) Abhisit coughed up some of the payment to release the aircraft. Link to comment Share on other sites More sharing options...
CGW Posted April 22, 2019 Share Posted April 22, 2019 42 minutes ago, Sydebolle said: Abhisit coughed up some of the payment to release the aircraft. What a lovely human being he turned out to be ???? Link to comment Share on other sites More sharing options...
atyclb Posted April 23, 2019 Share Posted April 23, 2019 13 hours ago, CGW said: 13 hours ago, atyclb said: hopewell is a hong kong based company thus would imagine the thai courts have a keen interest in not upsetting the china hierarchy Back when all this started Hopewell was in a British colony, time moves on .............................. so your saying they didn't care about upsetting us Brits? interesting extrapolation that could be true. they didn't care much about a german company either that did much road work associated with don mueang airport area til a certain jet was impounded. do you not think hong kong being under china now did not play a role? Link to comment Share on other sites More sharing options...
CGW Posted April 23, 2019 Share Posted April 23, 2019 1 hour ago, atyclb said: do you not think hong kong being under china now did not play a role? Possibly - but they were just repeating previous verdicts, SRT were obviously in the wrong throughout. 1 Link to comment Share on other sites More sharing options...
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