Coss Posted July 26, 2011 Report Share Posted July 26, 2011 link In a surprise move, the Germany Embassy in Bangkok issued a statement on July 22 demanding that the Thai government repay the debt of 30million Euro owing in a longtime commercial dispute that resulted in the recent seizure of a Thai Boeing 737 in Germany. The statement, written in Thai and German, said that the embassy truly hoped that the Thai government would make a quick decision to repay the debt, otherwise the matter would affect German investment in Thailand. German insolvency officials seized a Boeing 737 used by the Crown Prince while it was parked at Munich Airport in southern Germany on July 12. The move was aimed at forcing the Thai government to repay a debt in a commercial dispute dating back more than two decades between Thailand and Walter Bau, a nowinsolvent German construction firm that was building a road link to Bangkok's Don Mueang airport. The embassy further referred to the international arbitration tribunal's decision in 2009, which issued an award against Thailand to compensate damages to Walter Bau in the amount of around 30 million Euros plus interest and legal costs of around two million Euros. "The embassy said the tribunal's ruling is considered final and the Thai government should immediately follow the tribunal's decision," the statement said. The German embassy also referred to a German Court's ruling last week that the jet could be released upon payment of a 20million Euros deposit. The Thai government refused to pay, arguing that the jet was the personal property of the Crown Prince and not the government's. Outgoing Prime Minister Abhisit Vejjajiva said yesterday that there were no grounds for a German insolvency administrator to impound a second jet used by HRH Crown Prince Maha Vajiralongkorn. Abhisit was responding to a report on Sunday by the German tabloid Bild am Sonntag, which quoted insolvency administrator Werner Schneider as saying he was considering impounding a second jet used by the Crown Prince. "We are considering further steps, including seizing the Prince's second plane," the paper quoted Schneider as saying. Bild am Sonntag said HRH the Crown Prince had flown the second plane to Munich to replace the first one. AttorneyGeneral Chulasingh Vasantasing said he had already explained through a lawyer to the German insolvency administrator that the second jet was the Crown Prince's personal property and nothing to do with the government. "As far as we know the plane has not been impounded," Chulasingh said. Abhisit said the attorney general was preparing information to take legal action against the Walter Bau company. He said the attorney general had notified him that almost 90 per cent of information concerning the company's exercise of rights in bad faith had been collected. A complaint will be separately lodged and will exclude the appeals process. It is expected that it will be completed this week. Link to comment Share on other sites More sharing options...
Flashermac Posted July 26, 2011 Report Share Posted July 26, 2011 It's Yingluck's problem now. Let her worry about it. Link to comment Share on other sites More sharing options...
Flashermac Posted July 26, 2011 Report Share Posted July 26, 2011 Warning to Germany on tollway row The Thai government spokesman has warned the German Foreign Ministry to be cautious in demanding that Thailand compensate a German company that invested in the Don Muang Tollway. Panitan Wattanayagorn, deputy secretary-general to the Thai prime minister and acting government spokeman, said Tuesday that the German Foreign Ministry should get its facts right, to protect bilateral relations. He was responding to the German Foreign Ministry's statement through the German embassy in Bangkok that the Thai government should pay 36 million euros to Walter Bau Co because an international arbitration process had been finalised with its ruling that the Thai government must pay this amount in compensation for past contractual violations that damaged Don Muang Tollway Co, of which Walter Bau is a now bankrupt shareholder. Mr Panitan said he had understood that the German Foreign Ministry recognised the separation of the executive and the judiciary, and he was surprised that the German Foreign Ministry that seen fit to comment on the justice system. Mr Panitan insisted that the legal dispute between the Thai government and Walter Bau was in the process of an appeal and many legal aspects of the case had yet to be considered. He said the Thai Foregn Ministry was about to explain the issue to its German counterpart right away. Bilateral relations had been good at the levels of their governments and their people, the present issue was sensitive and the German Foreign Ministry had to be careful and ensure it has the correct information, Mr Panitan said. The acting government spokeman said the Thai government expected good cooperation from the German government in the matter of the application to extradite fugitve former prime minister Thaksin Shinawatra, as it was reported that Germany had granted entry to Thaksin. Mr Panitan said Thaksin had to face justice in Thailand. Thaksin has evaded a two-year jail term that the Thai Supreme Court handed down in 2008 for his abuse of authority in facilitating his then-wife's purchase of state-owned land in inner Bangkok in 2003, when Thaksin was prime minister, at a discounted price. Bangkok Post Link to comment Share on other sites More sharing options...
Guest lazyphil Posted July 26, 2011 Report Share Posted July 26, 2011 Warning to Germany on tollway row The Thai government spokesman has warned the German Foreign Ministry to be cautious in demanding that Thailand compensate a German company that invested in the Don Muang Tollway. Panitan Wattanayagorn, deputy secretary-general to the Thai prime minister and acting government spokeman, said Tuesday that the German Foreign Ministry should get its facts right, to protect bilateral relations. He was responding to the German Foreign Ministry's statement through the German embassy in Bangkok that the Thai government should pay 36 million euros to Walter Bau Co because an international arbitration process had been finalised with its ruling that the Thai government must pay this amount in compensation for past contractual violations that damaged Don Muang Tollway Co, of which Walter Bau is a now bankrupt shareholder. Mr Panitan said he had understood that the German Foreign Ministry recognised the separation of the executive and the judiciary, and he was surprised that the German Foreign Ministry that seen fit to comment on the justice system. Mr Panitan insisted that the legal dispute between the Thai government and Walter Bau was in the process of an appeal and many legal aspects of the case had yet to be considered. He said the Thai Foregn Ministry was about to explain the issue to its German counterpart right away. Bilateral relations had been good at the levels of their governments and their people, the present issue was sensitive and the German Foreign Ministry had to be careful and ensure it has the correct information, Mr Panitan said. The acting government spokeman said the Thai government expected good cooperation from the German government in the matter of the application to extradite fugitve former prime minister Thaksin Shinawatra, as it was reported that Germany had granted entry to Thaksin. Mr Panitan said Thaksin had to face justice in Thailand. Thaksin has evaded a two-year jail term that the Thai Supreme Court handed down in 2008 for his abuse of authority in facilitating his then-wife's purchase of state-owned land in inner Bangkok in 2003, when Thaksin was prime minister, at a discounted price. Bangkok Post Link to comment Share on other sites More sharing options...
Guest lazyphil Posted July 26, 2011 Report Share Posted July 26, 2011 why dont the thais inpound german planes.....before you know it they'll both have a nice collection of aircraft all in the wrong place! Link to comment Share on other sites More sharing options...
kamui Posted July 26, 2011 Report Share Posted July 26, 2011 why dont the thais inpound german planes.....before you know it they'll both have a nice collection of aircraft all in the wrong place! This was reported a year ago: German firms keen on investing in Thailand BANGKOK, 3 AUGUST 2010 (NNT) – A number of giant enterprises from Germany such as auto makers BMW and Audi, are preparing to invest in Thailand, according to the Minister of Industry. Mr Chaiwuti Bannawat revealed after returning from a trip to Germany that most of the investors he met, especially those in the auto industry, were interested in setting up and expanding their production base in Thailand. The companies, including BMW, AG, Volkswagen, and Audi plan to finalize their investment projects by November this year. Meanwhile, Audi manufacturer is now in the process of negotiating with technical experts and automobile institutions in preparation for a plant setup in Thailand. Mr Chaiwuti added that the German aircraft parts manufacturer Leistritz Turbinenkomponenten Gmbh and the world’s largest tyre manufacturer Continental were also keen to start their production in Thailand. The investment capital of Leistritz alone is expected to be worth around 500 million THB. link ---- Which country will have to lose more, long term? PS: German Investment Projects Approved by the BOI Thailand in 2006: 1,231.1 mio THB... PDF link Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.