Danone Welcomes Arbitration Award in Fonterra Case
FRANCE - Last week (Thursday, 30 November), multinational food giant Danone was awarded damages of €105 million to be paid immediately by Fonterra for costs suffered as a result of the Fonterra food safety failures of 2013.
5 December 2017
1 minute read
The compensation is the outcome of a Singaporean arbitration case which stresses critical importance
of food safety procedures and transparency.
Danone has welcomed this arbitration decision as a guarantee that the lessons from the crisis will not be forgotten.
The company considers that this arbitration underscores the merit of its legal actions against Fonterra, including to champion the highest standards of food safety across the industry.
In April 2014, Fonterra had already been fined by judgement of the Wellington District Court for having breached several provisions of the New Zealand food safety regulations.
Danone believes that food companies and their suppliers can only work together through a solid relationship based on trust, transparency and accountability.
It will continue to build that relationship with its suppliers across the world.
TheCattleSite News Desk
