Indonesian firm sues Billabong for $58m
Surf wear company Billabong says it is facing a civil claim from its former Indonesian licensee, which is seeking compensation over the termination of its distribution licence in that country.
CV Bali Balance is asking for more than $58 million in compensation for losses it says it suffered from the alleged invalid termination.
It is also seeking $110 million for unspecified damages.
Billabong says it believes there is no basis for the civil claim.
CV Bali Balance is asking for more than $58 million in compensation for losses it says it suffered from the alleged invalid termination.
It is also seeking $110 million for unspecified damages.
Billabong says it believes there is no basis for the civil claim.