Acknowledgement for the Current Situation on litigation between J Trust Co., Ltd and Group Lease PCL (Continuous Disclosure)
Oct 9, 2020
J Trust Co., Ltd.
1． Details of the Lawsuit:(1) Court: Civil Court in Thailand (2) Date of filing: 11 September, 2020 (as per the date stated on the complaint) – the Company requested for confirmation from its local attorney on whether the Lawsuit had been actually filed with Court. The attorney, thereafter, reports that the Lawsuit has been filed with the Court in Thailand. Accordingly, the Company makes its announcement herein. (3) Cause: GL alleges that the Company and the other defendants jointly committed wrongful acts against GL by pursuing legal proceedings against GL and Group Lease Holdings Pte Ltd, which is fully owned subsidiary of GL.
2. Summary of the Plaintiff in the Lawsuit:
|(1)||Name||Group Lease Public Company Limited|
|(2)||Address||Bangkok, Kingdom of Thailand|
|(3)||Name/Title of the Representatives||Mr. Tatsuya Konoshita, Authorised Director Mr. Muneo Tashiro, Authorised Director Mr. Alain Jean Pascal Dufes, Authorised Director|
3. Details of relief sought and the amount in controversy:(1) Relief sought: request the Company and the other defendants to discontinue with the alleged wrongful acts (2) Amount sought: GL is likely to seek its compensation for the damages suffered as a result of legal proceedings in the amount of 9,130 million baht (approximately 30.4 billion yen) – the exchange rate from baht to yen is based on the rate as at 30 September, 2020 (1 Thai baht = 3.34 yen) We will make further disclosure as soon as any further development occurs.
Contact for inquiries
J Trust Co., Ltd. Finance Department