US$32m damage award for Del Monte Int'l

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Carl Collen

BY CARL COLLEN

US$32m damage award for Del Monte Int'l

Fresh Del Monte Produce subsidiary is awarded more than US$32m by against one of the largest Costa Rican gold pineapple growers

US$32m damage award for Del Monte Int'l

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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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