BUSINESS

German Court ruled in Favour of Bosnian Prevent

 

A court in the German city of Dusseldorf ruled in favor of the Prevent vs. Volkswagen group. In the judgment of this court, damages to Prevent, which supplied parts for Volkswagen, will be paid by Audi belonging to the VW group.

VW has no right to appeal this second instance judgment in favor of Prevent.Prevent and VW have been in litigation for years over terms of multi-million dollar parts delivery.

Prevent sued Volkswagen because the German giant terminated all supply contracts for Prevent’s TWB subsidiary in Hagen. VW unilaterally terminated contracts under which TWB supplied more than two million seat structures for VW, Audi and Seat. The German media say this is a significant milestone in the German courts’ actions in this process, Vijesti.ba news portal reports.

 

 

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