By Kosaku Narioka
Nissan Motor Co. was ordered by a Dubai court to pay 1.3 billion Emirati dirham ($353.9 million) to Middle East company Al Dahana FZCO, which sought damages over a distribution agreement.
Al Dahana said the Dubai Court of First Instance issued its judgment in September. In the case, which was first filed in 2019, Al Dahana said it was seeking compensation for damages suffered due to breach of contract by Nissan.
A Nissan spokesman said the company had fully complied with its contractual obligations and that it was appealing the decision.
Al Dahana was established in 2008 to help jump-start sales of Nissan vehicles in the Persian Gulf region. Al Dahana alleged that Nissan had undercut the business of a distribution joint venture they had formed.
Write to Kosaku Narioka at firstname.lastname@example.org
(END) Dow Jones Newswires