June 14, 2021
Thai court ordered FrieslandCampina Thailand to pay US$70.7 million for overcharging client
FrieslandCampina Thailand has been issued a court judgment concerning a business dispute with a business-to-business client in Thailand last month, parent company FrieslandCampina said.
Based on its interpretation of the contract between FrieslandCampina and the client, the court concluded that, between 2009 and 2019, FrieslandCampina had overcharged its client. As such, FrieslandCampina has to compensate the client ฿2.2 billion (US$70.7 million).
FrieslandCampina said it disagrees with the judgment and will therefore appeal against it.
According to the dairy cooperative, the contractual relationship with the client ended in 2019.