Insurer ordered to pay CentralWorld B3.7bn | Bangkok Post: business

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Insurer ordered to pay CentralWorld B3.7bn

Published: 2 Mar 2013 at 00.00
Newspaper section: News

The civil court yesterday ordered Deves Insurance to pay 3.7 billion baht in damage claims to the CentralWorld shopping centre resulting from the 2010 clashes between security forces and red-shirt protesters in the Ratchaprasong area.

The court ruled that the May 19, 2010 riots and arson attacks were not acts of terrorism.

The court told the insurer to pay CentralWorld 2.7 billion baht in damage claims and 989 million baht in compensation for business disruption. It also ordered Deves Insurance to pay 7.5% interest backdated to March 31, 2011.

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ringmaster
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Discussion 3 : 02 Mar 2013 at 11.493
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"The court ruled that the May 19, 2010 riots and arson attacks were not acts of terrorism." So the Red Shirts weren't terrorists after all.
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bkposter
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Discussion 2 : 02 Mar 2013 at 08.312
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"The court also told Deves Insurance to pay 60,000 baht to CentralWorld in lawyers' fees."
Wow, the lawyers fees are quite low for a case like this.
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tcr
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Discussion 1 : 02 Mar 2013 at 08.241
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The UDD should pay the damages, along with all the "leaders" who went on stage telling followers to burn Bangkok. Only fair.
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