Court of Appeal rejects Danone move to overturn stay on Fonterra damages suit

Fri, 07 Nov 2014

Nov. 7 (BusinessDesk) - The Court of Appeal has rejected an attempt by French food company Danone to overturn a stay of proceedings in its damages suit against Fonterra Cooperative Group pending arbitration in Singapore. Danone Asia Pacific Holdings sued Fonterra in January, seeking damages projected to exceed 630 million euros in relation to last year's whey protein contamination scare. The product was ultimately found not to be harmful but not before Fonterra instituted a wide and public recall of product supplied to Danone and other compa...

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