Japanese beverage giant Kirin Holdings is seeking commercial arbitration in a dispute over unwinding its joint venture brewery in Myanmar
BANGKOK — Japanese beverage giant Kirin Holdings said Monday it is seeking commercial arbitration in a dispute over unwinding its joint venture brewery in Myanmar.
The company said it filed for arbitration in Singapore against Myanma Economic Holdings Plc, a military-controlled company, to end their venture Myanmar Brewery.
MEHL has petitioned for liquidation of the venture, which Kirin said violated the joint venture agreement and was an “unjustified motion.” It said it has sought an injunction in Singapore’s High Court on Dec. 2 and was also asking a court in Myanmar to dismiss MEHL’s petition.
Kirin, owner of the San Miguel, Fat Tire…
