Thai court stays order for ฿25.7bn baht compensation payment to Hopewell

[snoop1130]

 

The Central Administrative Court has stayed the execution of a court injunction, upheld by the Supreme Administrative Court, ordering the Thai Transport Ministry and State Railway of Thailand to pay Hopewell (Thailand) 25.7 billion baht in compensation, for breach of contract.

 

The order was read on Monday, 10 days after the court read a ruling by the Supreme Administrative Court allowing a retrial of the controversial case, citing the availability of new facts.

 

The legal battle between Hopewell (Thailand), a subsidiary of Hong Kong-based Hopewell Holdings, and Ministry of Transport and SRT has dragged on for more than 20 years, making it one of Thailand’s longest running litigations.

 

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Full Story: https://www.thaipbsworld.com/thai-court-stays-order-for-฿25-7bn-baht-compensation-payment-to-hopewell/

 

-- © Copyright Thai PBS 2022-03-16

 

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[billd766]

New facts after more than 20 years? 

 

Really?

[Whale]

Pay it and be done <deleted>

[realfunster]

The lawyers must be loving this.

20 years. Virtually an entire career spent pissing about on one case….

[TallGuyJohninBKK]

Re the latest court ruling... WOW, there's a shocker!

 

You mean, a Thai court doesn't want to have the Thai government have to pay a $26 billion baht debt owed to a foreign company???

 

Who could have imagined it???

 

[TallGuyJohninBKK]

1 hour ago, billd766 said:

New facts after more than 20 years? 

 

Really?

 

The only new "facts" that I can imagine after all this time are -- some of the original litigants have probably DIED along the way!!!

 

"Justice delayed is justice denied" is a legal maxim. It means that if legal redress or equitable relief to an injured party is available, but is not forthcoming in a timely fashion, it is effectively the same as having no remedy at all."

 

https://en.wikipedia.org/wiki/Justice_delayed_is_justice_denied

 

[Etaoin Shrdlu]

Thai version of Jarndyce v Jarndyce from Dickens' "Bleak House":

 

Jarndyce and Jarndyce drones on. This scarecrow of a suit has, over the course of time, become so complicated, that no man alive knows what it means. The parties to it understand it least; but it has been observed that no two Chancery lawyers can talk about it for five minutes without coming to a total disagreement as to all the premises. Innumerable children have been born into the cause; innumerable young people have married into it; innumerable old people have died out of it. Scores of persons have deliriously found themselves made parties in Jarndyce and Jarndyce without knowing how or why; whole families have inherited legendary hatreds with the suit. The little plaintiff or defendant, who was promised a new rocking-horse when Jarndyce and Jarndyce should be settled, has grown up, possessed himself of a real horse, and trotted away into the other world. Fair wards of court have faded into mothers and grandmothers; a long procession of Chancellors has come in and gone out.

Edited March 16, 2022 by Etaoin Shrdlu

[tomazbodner]

1 hour ago, Whale said:

Pay it and be done <deleted>

Agree. Should account number to transfer to be sent to you in this forum or in a private message?

[JeffersLos]

54 minutes ago, TallGuyJohninBKK said:

You mean, a Thai court doesn't want to have the Thai government have to pay a $26 billion baht debt owed to a foreign company???

 

Who could have imagined it???

Is someone's 737 still flying around the place? 

[Sydebolle]

The interesting bottom line to all this is, that the real culprits took millions and millions and are still around, celebrating their ill-gotten wealth and never had the intention to finish the job in the interest and for the sake of the public, the Thai people. Not one of them has either returned money and  inspected the inside of a Thai prison cell ???? 

The latter though, the very same Thai people, now are forking out another multi-billion payment of tax payers money. 

Brilliant, absolutely brilliant - congratulations to all those thieves, crooks and corrupt officers for pulling this off! Better than robbing a bank and certainly in the white collar crime area! 

[RichardColeman]

12 hours ago, snoop1130 said:

ordering the Thai Transport Ministry and State Railway of Thailand to pay Hopewell (Thailand) 25.7 billion baht in compensation, for breach of contract.

Any mathematician out there know what the compounding interest per day on that would be ? Might well be worth paying it before it doubles !

 

 

[hotchilli]

12 hours ago, billd766 said:

New facts after more than 20 years? 

 

Really?

Just more foot dragging.

[mikebell]

25.7bn reasons for foreign companies not to do business in Thailand.

[klauskunkel]

It's not new evidence, it's new avoidance.

The government lost the case in 2019 and was ordered to pay by the Administrative Court. Then last year the Constitutional Court "discovered" that the Admin Court's ruling had not been send to Parliament nor published in the Royal Gazette as required by the Constitution.

The cooperation between the Government and the Constitutional Court is a thing of beauty.  Click on "Full Story".

 

[mtls2005]

Seven years later, only about 10 percent of the project was completed. In January 1998, the Chuan Leekpai government canceled the contract, citing repeated delays in the construction.

 

Chuan Leekpai is a Thai politician who is the current President of the National Assembly of Thailand as well as the incumbent Speaker of the Thai House of Representatives. Previously he served as the Thai prime minister from 20 September 1992 to 19 May 1995 and again from 9 November 1997 to 9 February 2001.

 

One assumes the third fourth time will be a charm...

 

 

Arbitrator-gov't LOST

Central Administrative Court-gov't WON

Supreme Administrative Court-gov't LOST

 

Administrative Court of First Instance: TBD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Edited March 17, 2022 by mtls2005

[Darkside Gray]

Thai Justice? What Thai justice?

[Thingamabob]

Surprise, surprise ! A good example for any foreigner wishing to do business in Thailand. Best beware.

[Srikcir]

3 hours ago, RichardColeman said:

Any mathematician out there know what the compounding interest per day on that would be ? Might well be worth paying it before it doubles !

 

 

As of April 2019 the interest doubles Hopewell compensation to B25Bn.

April 22, 2021

Ministry fails to halt B25.4 billion payment order to Hong Kong based firm linked to 1990 contract.

www.thaiexaminer.com/thai-news-foreigners/

 

Annual interest rate is 7.5% 

This does not include damages and court costs.

 

The Rule of 72 calculates that an interest rate will double by dividing 72 by the annual interest rate.

www.calculatorsoup.com/calculators/financial/rule-of-72-calculator.php