Singapore arbitration the place for Fonterra, Danone dispute, judge rules

Thu, 17 Jul 2014

By Paul McBeth July 18 (BusinessDesk) - The High Court has agreed with Fonterra Cooperative Group that its dispute with French food group Danone should be dealt with in arbitration, but won't grant a permanent stay on legal proceedings. In the High Court in Auckland, Justice Geoffrey Venning granted Fonterra's application to stay proceedings brought against the New Zealand dairy firm by Danone, while "expressly reserving leave for the Danone plaintiffs to seek to lift the stay in the event Fonterra delays the arbitration process," accordi...

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