Karang Mas Sejahtera (KMS) the Indonesian owners of the Ritz-Carlton Bali Resort & Spa have been awarded US$10 million in punitive damages by a Maryland Federal (U.S.) jury who found the that Ritz-Carlton - part of Marriott International - had violated a non-competition exclusivity agreement by participating in the development of a second hotel in Bali, the nearby Bulgari Resort.
According to a published report in the Wall Street Journal, lawyers for KMS successfully argued that the Bali Bulgari Resort unfairly benefited from Ritz-Carlton's name in marketing and promotion when it opened its 59 villa luxury hotel, just five kilometres up the beach their client's property.
The court case, which awarded KMS US$382,304 in compensatory damages together with US$10 million in punitive damages, also allows KMS to terminate its contract with Ritz-Carlton.
Monday, February 4, 2008
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