rooster59 Posted July 1, 2017 Share Posted July 1, 2017 Exat wins “expressway stupid fee” case against CH Karnchang After 16 years of marathon court battle, the Expressway Authority of Thailand won the court case against construction giant CH Karnchang Pol over the construction of the 55-km Bang Na-Chon Buri expressway. The Supreme Court has ruled in favour of the state agency by upholding the Appeals Court’s decision that Exat, formerly Expressway and Rapid Transit Authority (ETA), needs not have to pay the CH Karnchang-led joint venture the 9.6 billion baht in compensation as ruled by the arbitration committee for the delay in the handover of construction areas to the expressway builders. The joint venture includes German engineering groups Bilfinger Berger Bauaktiengesellshaft and Dyckerhof & Widmann AG. Full story: http://englishnews.thaipbs.or.th/exat-wins-expressway-stupid-fee-case-ch-karnchang/ -- © Copyright Thai PBS 2017-07-01 Link to comment Share on other sites More sharing options...
Bluespunk Posted July 1, 2017 Share Posted July 1, 2017 (edited) Well there's a surprise. Good to see see those pesky foreigners taught a lesson in how business is done Edited July 1, 2017 by Bluespunk Link to comment Share on other sites More sharing options...
YetAnother Posted July 1, 2017 Share Posted July 1, 2017 what foolishness Link to comment Share on other sites More sharing options...
jethro69 Posted July 1, 2017 Share Posted July 1, 2017 Upps, I see already the news comming "Thai airplane grounded at MUC" Link to comment Share on other sites More sharing options...
Thingamabob Posted July 1, 2017 Share Posted July 1, 2017 No idea about the legalities, but would only add that the surface of this road is an utter disgrace. Link to comment Share on other sites More sharing options...
TheLobster Posted July 1, 2017 Share Posted July 1, 2017 12 hours ago, Bluespunk said: Well there's a surprise. Good to see see those pesky foreigners taught a lesson in how business is done 555 Next time do a deal that is legal in their home country? or cash up front. Guess the Chinese will get the next deal? Link to comment Share on other sites More sharing options...
Bluespunk Posted July 1, 2017 Share Posted July 1, 2017 2 minutes ago, TheLobster said: 555 Next time do a deal that is legal in their home country? or cash up front. Guess the Chinese will get the next deal? They <deleted> with the Chinese in that way and they'll invade... Link to comment Share on other sites More sharing options...
Scott Posted July 1, 2017 Share Posted July 1, 2017 Troll post removed. Link to comment Share on other sites More sharing options...
Sydebolle Posted July 2, 2017 Share Posted July 2, 2017 This is only the tip of the iceberg; guess what happens to millions of smaller "alien" investments which got wiped out? Thais have preferential treatment over many things, not everybody is the same in front of the law. If bigger/richer/more influential Thais can steamroller their own underlings (see all those ridiculous pending cases like the Red Bull grand kid) - then what do you think happens, if the opposite is an "alien"? Over time this will correct itself, if they like it or not - the last big lesson was when Germany explained then Foreign Minister Kasit Piromya, that not even the government (in Germany that is) is above the law. Link to comment Share on other sites More sharing options...
sharecropper Posted July 2, 2017 Share Posted July 2, 2017 Any international company that doesn't include an international arbitration clause in a deal with a Thai company for business in Thailand must be insane. At least Kingsgate have the Thai-Australia FTA to batter the government with. And didn't Carlsberg beat Chang at an international arbitration for their spectacular (but entirely predictable) business fallout a while back? Link to comment Share on other sites More sharing options...
HiSoLowSoNoSo Posted July 2, 2017 Share Posted July 2, 2017 Oh the joy of doing business in Thailand. Link to comment Share on other sites More sharing options...
metisdead Posted July 3, 2017 Share Posted July 3, 2017 Off topic posts and replies have been removed, this is not about Heineken, Pepsi, or Pizza Hut. A comment on moderation has been removed. Link to comment Share on other sites More sharing options...
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