by The Editors on June 9, 2010
The Queensland Supreme Court ruled today (June 10, 2010) that when Billabong terminated its licensing agreement with Suzi Burke Suwenda’s company CV Bali Balance they did it correctly, according to a story in The Australian.
CV Bali Balance, associated with Sydney-born businesswoman Suzi Burke Suwenda, has lodged a claim in a Bali court for about $168 million in damages from Billabong after the surfwear company cancelled a distribution licence in 2005. . . The action in a Denpasar court is current, but the Queensland Supreme Court ruling should have a big bearing on the case in Bali, with several of the legal actions there relating to the legality or otherwise of the termination of the distribution agreement.
Even with the good news Billabong’s stock still dipped .11 percent yesterday. Suwenda, on the other hand still believes PT Bali Balance will prevail in their civil case in Indonesia, according to Goldcoast.com.au.
[Link: The Australian and Goldcoast.com.au]
by The Editors on March 10, 2010
The wife of Balinese surfing legend Wayan Suwenda is continuing her battle against Billabong International over the distribution rights to the Billabong brand in Bali, according to a story in the Australian.
In our last update in December 2009 we mentioned that one person was already in prison and another had been added to Interpol’s most wanted list over this same skirmish. Now Suwenda is reported suing Billabong in Denpasar District Court for $168 million Australian.
In the past few years, the dispute has become very public in Indonesia, with CVBB taking out large advertisements in the local media putting its viewpoint, while Billabong has publicly replied to the allegations.
[Link: The Australian]
by The Editors on December 8, 2009
A contract dispute over who has rights to distribute Billabong in Indonesia is stalled in Australian court, according to a story on Goldcoast.com.au.
One Indonesian employee is currently on trial for alleged embezzlement of Billabong-branded advertising ‘light boxes’ while Gold Coast man Chris James is confined to Australia after an Interpol alert based on the same charge was issued for him by Indonesia earlier this year.
The contract dispute case was going to be heard December 8, 2009, in Supreme Court in Brisbane however, Bali-based Suzi Suweda’s barrister was not available, the story says. “Billabong is seeking a court declaration that the contract with Mrs Suwenda’s company was legally terminated.”
[Link: Goldcoast.com.au]
The Queensland Supreme Court ruled today (June 10, 2010) that when Billabong terminated its licensing agreement with Suzi Burke Suwenda’s company CV Bali Balance they did it correctly, according to a story in The Australian.
