Nihon Plast
(Japanese company) manufacturer of steering wheels and airbags for the
automotive industry, entered into a know-how agreement with TKP(German company) with the purpose of
transferring their know-how of manufacturing steering wheels and airbags for
Honda and Nissan cars. TKP initiated arbitration claiming breach of agreement
and pretending damages. The sole arbitrator appointed by the ICC ruled out that
Nihon Plast is liable to pay €29,529,027.75 in damages. Nihon Plast initiated
three actions for annulment of the award which have been joined together. The
Court of Appeal of Paris dismissed all of the claims brought by claimant,
upholding the award.
G.G
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