Thailand Emerges Victorious in the Hopewell Case: Minister of Energy Announces
Prompting a wave of relief, Thailand’s Minister of Energy, Peeraphan Saleerathaviphak, took to Facebook at approximately 2:20 pm to share a momentous victory in the long-standing legal battle surrounding the “Hopewell” mega-project in transportation.
In an extraordinary turn of events, the Thai government has come out triumphant in the face of a multi-billion dollar lawsuit imposed by the private sector.
Mr. Peeraphan’s Facebook post succinctly conveyed the overwhelming outcome, stating, “Thailand emerges victorious in the Hopewell case, securing a landmark win against the Ministry of Transport and the State Railway of Thailand. Compensation claims for the contract cancellation amounting to a colossal 56,000 million baht have been dismissed.”
The rejection of Hopewell’s demand for a staggering 27 billion baht in compensation by Prime Minister Prayut Chan-o-cha has further solidified the ruling.
With the Supreme Administrative Court fervently endorsing the “Recovery of the Hopewell Case,” this decision marks a pivotal moment for litigation proceedings.
The ambitious Hopewell Project, spearheaded by the Hopewell Company, has been embroiled in controversy surrounding the implementation of the original construction plans. Accusations of confiscation or expropriation of concessions have fueled the dispute.
Subsequently, the matter was escalated to the Arbitral Tribunal, demanding a striking 59,000 million baht in compensation from the Ministry of Transport and the State Railway of Thailand.
This recent triumph for Thailand serves as a testament to the nation’s unwavering commitment to justice and fair governance, as it successfully safeguards its interests amidst complex legal battles.
Peeraphan Saleerathaviphak, the Minister of Energy posted a message on Facebook announcing the news that Thailand won the “Hopewell” case.
At approximately 2:20 pm, Mr. Peeraphan Saleerathaviphak, Minister of Energy posted a message on Facebook announcing the news that “Thailand wins the Hopewell case,” which is an epic mega-project in large-scale transportation. which was sued by the private sector seeking tens of billions in damages
Mr Peeraphan posted a short post on Facebook with the content: “Thailand wins the Hopewell case. Sue for compensation for the cancellation of a contract by the Ministry of Transport. and the State Railway of Thailand It is the cost of investing in the amount of 56,000 million baht. “
“Prayut” refuses to answer “Hopewell” demanding 27 billion baht, asks Transport to clarify.
The Supreme Administrative Court has ordered the “Recovery of the Hopewell Case”
For litigation purposes The Hopewell Project is from the Hopewell Company. It can be seen that the SRT has come to take advantage of the original construction project. It is considered confiscation or expropriation of the concession system or area. Therefore, the dispute was submitted to the Arbitral Tribunal. Claim contract cancellation compensation from the Ministry of Transport and SRT totaling 59,000 million baht
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