EANS-Adhoc: Semperit AG Holding / Partial award in arbitration regarding access to information

Werbeagentur Klagenfurt
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As already reported, the Semperit Group has been conducting three arbitrations (International Chamber of Commerce) against its Thai joint venture partner, Sri Trang-Agro Industry Public Co Ltd. Group and the joint venture company, respectively. A partial award was rendered in the arbitration proceedings against the joint venture partner concerning the business operations and the business relationship with the joint venture company Siam Sempermed Corporation Limited (SSC). The arbitral tribunal decided that Sri Trang-Agro Industry Public Co Ltd. and the other Thai joint venture partners must comply with Semperit's request for access to SSC's accounts and company records as well as for the restoration of transparency at SSC. Other contentious issues that have not been included in the partial award remain subject of the ongoing proceedings.
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