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Bangkok Post
Bangkok Post
Business

Singapore court upholds ruling in QCP case

Nestlé Singapore Nescafé
(Photo: 123RF)

The High Court of Singapore upheld the international arbitral tribunal ruling that Nestlé's termination of the Quality Coffee Products Ltd (QCP) joint venture agreement was lawful.

According to Nestlé's statement, Nescafé products in Thailand were previously manufactured by QCP, a 50/50 joint venture between Nestlé and the Mahagitsiri family.

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