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Thai court stays order for ฿25.7bn baht compensation payment to Hopewell

Thai court stays order for ฿25.7bn baht compensation payment to Hopewell

13 Sept 08:46 Key points summarised by AI
  • The Thai Central Administrative Court has temporarily stayed the execution of a court order for the Transport Ministry and State Railway of Thailand to pay Hopewell (Thailand) 25.7 billion baht in compensation.
  • This decision comes after the Supreme Administrative Court allowed a retrial of the controversial case, citing the availability of new facts.
  • The legal battle, stemming from a breached 1990 contract for the Bangkok Elevated Road and Train System, has been ongoing for over 20 years.
  • The compensation, including 7.5% interest per annum, was originally ordered by the Supreme Administrative Court in April 2019, overturning a previous annulment by the Central Administrative Court.
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