(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.
Nestlé managed QCP's operations, including manufacturing, sales and marketing of Nescafé products.
The manufacturing technology and intellectual property used in the production process belong to Nestlé.
Following the termination of the joint venture agreement on Dec 31, 2024, QCP no longer has the right to manufacture Nescafé products.
