BinDawood says first instance judgment in lawsuit against subsidiary dismissed

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BinDawood Holding Co. announced that Arab Dalla Co. submitted an appeal against the verdict issued by the Court of First Instance in the lawsuit against one of its subsidiaries, Danube Company for Foodstuffs & Commodities (Danube) for patent infringement.

The company said in a bourse filing that the court dismissed the case in the preparatory hearing as the plaintiff failed to establish its title over the patent, therefore lacking the capacity to pursue litigation.

It was previously ruled that the case was not accepted for filing by a non-qualified person and was returned to the court issuing the judgment to reconsider.

BinDawood assured its shareholders about the strong legal position of its subsidiary in the case as confirmed by its external lawyer, and will keep its investors updated on the development of the case.

No hearing has been called by the court yet, the statement said.

In March, BinDawood announced the dismissal of the patent infringement case against its subsidiary, Danube Company for Foodstuffs & Commodities, by Arab Dalla Co. before the Commercial Court of Jeddah during the first hearing on March 10, 2021.

In February, the company announced that Arab Dalla Co. filed a lawsuit against one of its subsidiaries, Danube, for patent infringement, seeking a compensation of SAR 124.13 million and legal fees of SAR 300,000.