Fresh Del Monte Produce has announced that its subsidiary, Del Monte International, GmbH, was awarded more than US$32m in damages, interest and other monetary relief against a Costa Rican pineapple grower.
The company in question was Inversiones y Procesadora Tropical, S.A (Inprotsa), which was ruled against by the International Court of Arbitration of the International Chamber of Commerce (“ICC”).
The ICC’s award also recognised that Del Monte has a right to virtually all of the gold pineapple vegetative material on Inprotsa's plantation.
As a result, the ICC has entered injunctive relief prohibiting Inprotsa’s sale of nearly all of its gold pineapples to any buyers other than Del Monte, and ordered Inprotsa to specifically perform its obligations under its pineapple sales agreement with Del Monte.
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