True Corporation Public Company Limited (SET: TRUE) has informed the Stock Exchange of Thailand that the company has reported material progress of the case against TOT Public Company Limited (TOT) (presently, National Telecom Public Company Limited) that, on 20th August 2025, the Central Administrative Court revoked the arbitral tribunal award on the grounds that TOT filed an arbitration claim exceeding the statutory limitation, as such the acceptance and award by the arbitral tribunal is unlawful.
In addition, the Court decided that the provision of TA1234 service of the company was provided in order to mitigate the company’s damages from TOT’s breach of agreement, and as such cannot be considered as the company’s breach of agreement.
The arbitration award, which ruled that the company had breached the agreement and was liable to the payment, is inconsistent with the facts and the terms of the Joint Operation Agreement. The arbitration award is contrary to public order or good morals.
As a consequence, the acceptance or enforcement of the arbitration award shall be contrary to public order or good morals according to Section 40 Paragraph 3 (2) (b) of the Arbitration Act B.E. 2545. Therefore, the Court ruled to revoke the arbitration award, and the company is not required to make the payment according to the said arbitration award to TOT.
The party who is unsatisfied with the Judgment may appeal the judgment of the Central Administrative Court to the Supreme Administrative Court within 30 days of the judgment.
TRUE had filed the petition with the Administrative Court requesting for revocation of the arbitral tribunal award in relation to the dispute where TOT filed an arbitration claim for damages from the loss of income during the period from 16 November 2000 to June 2005 on the ground that the company reduced domestic long distance calling fees under the company’s “TA 1234” campaign, the company reported key developments in this case on 17 December 2024, as referenced in the relevant disclosure, and the information has also been published in the company’s Annual Report 2024 (Form 56-1 One Report).
