Bound2B files damage claims of up to 250 million euro at the Court of The Hague for breach of contract
Bound2B B.V., the creator and owner of several resealable beverage can patents, today announced that it has filed legal proceedings against Ardagh Metal Beverage Germany GmbH (formerly known as Ball Packaging Europe GmbH), before the Court of The Hague in the Netherlands. Bound2B is claiming damages of up to 250 million euro from Ardagh for breach of contract.
The filing relates to Ardagh Metal Beverage Germany GmbH's failure to respect its part of a Joint Development and License Agreement signed between Bound2B and Ardagh (then Ball Packaging Europe) in 2004. Bound2B claims that Ardagh's breach of contract has obstructed its ability to advance or gain any worldwide market share with its innovative resealable can.
Bound2B has summoned Ardagh to appear in court January 3, 2019.
www.bound2b.com
