By Lincoln G. Peters
Monrovia, October 18, 2024/ Banjak Frozen Food and MS Global Company, based in the Kingdom of Bahrain, have amicably resolved their long-standing commercial dispute.
The settlement follows MS Global’s acknowledgment of liability for twelve (12) 40-foot containers of defective frozen chicken supplied to Banjak. In recognition, MS Global has agreed to deduct US$140,234.50 from the total claim of US$467,103.50, leaving a balance of US$326,860. Both parties accepted these terms, resulting in the case’s withdrawal from the Commercial Court.
As part of the agreement, Banjak has already paid US$164,860 toward the remaining balance, reducing the amount owed to US$162,000.
The dispute initially arose when MS Global denied responsibility for the defective shipments, which included chicken upper backs, carcasses, and fish. Banjak consistently rejected claims that it had refused to pay the full amount, arguing that payments were only paused until MS Global acknowledged the defects, which they have now done.
Banjak and MS Global have shared a previously cordial business relationship, with Banjak maintaining timely payments for all deliveries.
However, Banjak’s staff have expressed concern over the spread of misinformation on social media by MS Global.
This negative publicity has damaged Banjak’s reputation and caused significant financial losses, with some international suppliers losing trust in the company.
“We stopped payment only because MS Global initially refused to admit the shipments were faulty,” a Banjak staff member noted. “Their refusal to tell the truth and their public claims have hurt our reputation. Accepting such defective products would have led to a fall in sales and reduced revenue.”
