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Egypt sales firm loses suit against Mitsubishi - Daily News Egypt

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Egypt sales firm loses suit against Mitsubishi

Japan’s Mitsubishi Motors Corp said on Wednesday a lawsuit brought against it by an Egyptian sales firm seeking damages of $900 million had been dismissed by an Egyptian court. In the suit, filed in February, sales firm Masria Co had claimed that Mitsubishi’s termination of a distribution contract lacked reasonable grounds and demanded an extension …


Japan’s Mitsubishi Motors Corp said on Wednesday a lawsuit brought against it by an Egyptian sales firm seeking damages of $900 million had been dismissed by an Egyptian court.

In the suit, filed in February, sales firm Masria Co had claimed that Mitsubishi’s termination of a distribution contract lacked reasonable grounds and demanded an extension of the contract or damages of $900 million.

Mitsubishi had argued that it had served a termination notice on Masria six months before the contract was due to expire, following agreed provisions.

Japan’s sixth-largest automaker said in a statement it would continue arguing its case if Masria appealed the court’s decision.

 

 

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https://www.dailynewssegypt.com/2010/10/28/egypt-sales-firm-loses-suit-against-mitsubishi/
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