Inform of the Arbitral Tribunal's Award of the case between CAT and DPC
09 March 2011
With reference to the case which CAT Telecom Public Company Limited ("CAT") has
submitted a dispute to the Arbitration Institute, ref. no. Black 3/2551,
demanding Digital Phone Co., Ltd., ("DPC"), a subsidiary of Advanced Info
Service Public Company Limited (the "Company") which 98.55% of its shares are
held by the Company, to pay additional revenue sharing for the total amount of
Baht 3,410 million due to the deduction by DPC of the excise tax from the
revenue sharing delivered during 28 January 2003 to 26 February 2007.
The Company would like to inform of the Arbitral Tribunal's Award of the
above-mentioned case that on 1 March 2011 the Arbitral Tribunal has dismissed
the case by giving the reason which can be summarized that DPC was not in breach
of the Agreement since DPC has completely made the payment of the revenue
sharing and all debt was therefore paid in full. Therefore, CAT has no right to
re-claim for the alleged deficit amount, including the penalty and the value
added tax.
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