AUS: Evans & Tate relief at court ruling
Evans & Tate is celebrating today (6 June) after emerging victorious from its struggle against Australian Beverage Distributors.
The drinks company has now resumed trading after a suspension was introduced on Friday pending the outcome of the court judgement between the two.
The court case follows a two-year dispute arising from ABD's short time as distributor of Evans' Cranswick labels. ABD claimed A$78,000 (US$59,000) in damages, but Evans claims it is owed A$216,000 under the original deal.
ABD was seeking the winding up of the company and its subsidiary Evans & Tate Premium Wines. Last week, Evans & Tate said the winding-up order was "misconceived and without foundation" adding that the application would be "strenuously resisted".
The New South Wales Supreme Court today dismissed ABD's application as "an abuse of process."
Evans & Tate has spent the last year in the headlines, usually for the wrong reasons. The company has seen asset write-downs, major losses, wineries for sale and promises of wholesale restructuring, both in management and business strategy terms.
The troubled Australian wine producer Evans & Tate has been a victim of the Australian wine glut but, writes Richard Woodard, the company has in some ways been the architect of its own misfortunes, ov...
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Embattled Australian wine producer Evans & Tate has suffered a second delay with an asset sale....
Evans & Tate has said it intends to fight off a fresh attempt from Australian Beverage Distributors (ABD) to wind up the company....
Evans & Tate has been in breach of a liabilities cap within one of its key trust deeds....
Australian winery Evans and Tate has been left waiting another day for a decision on its court case with Australian Beverage Distributors (ABD) at NSW Supreme Court....
Evans & Tate has put its Oakridge winery up for sale as part of its plan to focus on its premium wine business....
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