Blue Diamond’s Almond Breeze product
The authorized dispute between Australia’s Freedom Meals Group and US-based almond provider Blue Diamond might be determined by a court docket of arbitration in America.
In an replace issued right now (8 March) to the Australian Securities Change (ASX), UHT milk and plant-based drinks producer Freedom Meals mentioned “all issues in dispute between the events which might be at the moment the topic of three units of proceedings in the US and Australia, will now be decided within the Californian Arbitration”.
The dispute between the 2 corporations first grew to become public at the beginning of final yr when it was reported California-based Blue Diamond was planning to sue Freedom Meals over a licensing disagreement.
It then began authorized proceedings in September when it claimed Freedom Meals was working to undermine Blue Diamond’s market share for its personal monetary acquire after it began utilizing the bought almond base from Blue Diamond to make its personal competing merchandise.
Blue Diamond mentioned it was looking for compensatory and common damages for what it alleged was is a breach of the licence settlement.
Freedom Meals, which has a licence settlement to fabricate and distribute the Blue Diamond Almond Breeze product in Australia and New Zealand, then revealed in October it had began authorized proceedings towards the US agency within the Federal Courtroom of Australia.
It sought a declaration that it had not breached a licence settlement between the 2 events by manufacturing, packaging, promoting and distributing Milklab almond milk merchandise or private-label almond milk merchandise and that it’s not obliged to acquire almond milk base elements completely from Blue Diamond for the manufacturing of its merchandise.
Freedom Meals needed to have the matter resolved within the Australian courts however now it must persuade a US arbitrator its licensing take care of Blue Diamond was anti-competitive.
In its assertion to the ASX, it mentioned “Australian regulation is to be utilized by the arbitrator in figuring out the candidates’ claims” and that Blue Diamond has agreed that it will not increase objection to the Australian client regulation being utilized to Freedom Meals’ claims underneath US arbitration.
just-food has requested Blue Diamond for its feedback on the newest developments within the dispute.