Bacardi Beats £51M Claim From Rival Over Soured Deal
ADVERTISEMENT Bacardi Beats £51M Claim From Rival Over Soured Deal Law360, London (May 19, 2021, 6:38 PM BST) -- Bacardi U.K. Ltd. is not automatically obligated to cover £51.5 million ($73 million) in payments a subsidiary allegedly owes the spirits giant behind Jack Daniel's under a cost-sharing deal even though it agreed to guarantee the payments, a London judge ruled on Wednesday. Bacardi U.K. is toasting a victory in the High Court where a judge has ruled that it is not automatically obligated to cover £51.5 million a subsidiary allegedly owes the spirits giant behind Jack Daniel's. ...