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Thursday, 15 October 2020

Edita begins legal proceedings against Greek food company Chipita

DISPUTE WATCH- Edita Food Industries has begun legal proceedings against Greek food manufacturer Chipita at the Cairo Regional Center for International Commercial Arbitration over a contractual dispute relating to a manufacturing and technical services agreement signed in 2011, according to an EGX disclosure (pdf). Edita management claims the company received no technical support from Chipita (pdf) during the agreement, which was worth EUR 150k each year. The contract was signed in 2011, amended in 2013 and annulled in 2016.

Background: Chipita co-founded Edita in 1996 along with the Berzi family. The Greece-based company’s Exoder Limited sold all of its shares in the company last year.

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