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SATURDAY, December 03, 2022
nationthailand
Top court denies request to reopen Hopewell case

Top court denies request to reopen Hopewell case

WEDNESDAY, July 22, 2020

The Supreme Administrative Court on Wednesday (July 22) upheld the Central Administrative Court’s decision to decline the requests from the State Railway of Thailand (SRT) and the Transport Ministry to reopen the case of Hong Kong-based Hopewell Company.

In March last year, the Supreme Court enforced the arbitration committee’s decision to have both parties pay about Bt24 billion in compensation to Hopewell (Thailand) for terminating the company’s contract in 1997 to build an elevated road and train system in Bangkok.
Later, both SRT and the ministry called on the Central Court to re-try the case, saying they had new evidence.
This long-running saga began in 1990, when the Chatichai Choonhavan government signed a 30-year concession contract with the private firm to build a Bt80-billion elevated road and train system in the capital to ease traffic congestion.

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