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Business

Stark enters arbitration with 2 firms

Stark DIS SET Stark Corporation

SET-listed Stark Corporation is entering an arbitration dispute with German firms Leoni AG and Leoni Bordnetz-Systeme GmbH, which claim €608 million from the company, citing a violation of their sales and purchase agreement.

According to a Stark filing to the Stock Exchange of Thailand on June 12, the case refers to last year's exercise of withdrawal rights under an agreement between Stark and the German firms.

Following the withdrawal rights exercise, the two firms filed an arbitration case with the German Arbitration Institute (DIS) on March 2, 2023.

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