France to pay Taiwan millions over wrongful frigate commissions

AFP – The French government said on Thursday it would have to pay Taiwan 460 million euros after defence giant Thales lost an appeal over its wrongful payment of commissions on a warship order.
              
Prime Minister Francois Fillon’s office announced that the state would have to cover 72.5 percent of the massive bill the group now faces after an appeal court threw out its challenge to an arbitration panel’s ruling.
              
France had guaranteed the “Bravo” contract when it was signed in 1991, and an emergency amendment to the government operating budget will now be sent to parliament in order to settle the matter,

More:  http://www.france24.com/en/20110609-france-pay-taiwan-millions-wrongful-frigate-commissions-bravo-warship-fillon

Categories: France

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