TITLE

Thai Partner Threatens Carlsberg With Legal Fight

PUB. DATE
August 2003
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Aug2003, Vol. 14 Issue 8, p5
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
Thai brewery Chang Beverages has threatened to take legal action against Denmark's Carlsberg Breweries, after the Danish brewer removed Chang's representatives from the board of the two companies' joint venture, Carlsberg Asia, as of August 1, 2003. These executives were replaced with representatives of Carlsberg Breweries, when a dispute arose regarding the contract between the two breweries. Carlsberg Breweries claims that Chang Beverages has not performed as expected and is therefore not contributing the anticipated level of assets to the joint venture. Chang Beverages, however, argues that removing its representatives from the board of Carlsberg Asia represents a breach of contract, which states that both sides will be equally represented on the board.
ACCESSION #
10434672

 

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