The NAI Netherlands Arbitration Institute passed judgement in the lawsuit Swatch Group vs Tiffany & Co.: Tiffany & Co. is sentenced to pay Swatch Group damages totaling CHF 402 million.
The counter-claim of Tiffany & Co. is integrally dismissed. In September 2011, Swatch Group had terminated the collaboration with Tiffany & Co. for breach of contract and pressed claims for damages in December 2011 against Tiffany. In March 2012, Tiffany filed a counterclaim with the Court of arbitration in charge.
