Central wins court case over CentralWorld fire
The Civil Court today ruled that Deves Insurance must pay the compensation plus interest of 7.5 per cent per annum from March 31, 2011 to Central Group, following the 15-month lawsuit.
Deves Insurance was also asked to pay legal expenses of Bt60,000 to the group.
Of the total claim, the plaintiffs demanded Bt2.7 billion for property damage and another Bt990 million for loss of income as CentralWorld was closed from May 19 to September 28, 2010, after the shopping complex was set ablaze during the anti-government demonstration in May 2010.
Zen Department Store was just reopened in January this year.
The Civil Court yesterday ruled that the fire was not an act of terrorism or other causes, exempted by the all-risk insurance policy.
