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Arbitration Sought on International Phone-Card Firm's Debt in Thailand.
Byline: Komsan Tortermvasana
Sep. 2--Telecard Corporation will ask the Justice Ministry's arbitration committee to settle its dispute over a debt of 14 million baht to the Communications Authority of Thailand.
A joint venture between Telemed Corp (74 percent), and the CAT (26 percent), Telecard had asked the CAT to accept repayment of the debt over four months, claiming the company had been treated harshly by the state agency.
Telecard was forced to halt its international phone-card business after the CAT unilaterally disconnected its service on July 5, effectively invalidating phone cards that had already been sold. The CAT said it took the ...
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Source: HighBeam Research, Arbitration Sought on International Phone-Card Firm's Debt in...