High Court Battle Over MyProtein Sales in China
- THG takes Australian distributor Nutrition Depot to High Court over unpaid bills
- Dispute concerns £1.4m in alleged unpaid invoices for MyProtein products
- Nutrition Depot accuses THG of being complicit in Chinese tax fraud scheme
THG has taken its Australian business partner Nutrition Depot to the High Court over claims of unpaid bills worth £1.4m. The ecommerce group took the dispute to court last September, accusing the Queensland-based company of breaching its distribution contract for MyProtein products in China and Macau. Nutrition Depot alleges that THG was involved in a tax fraud scheme with Chinese companies to avoid customs import duty and sales tax by ordering goods in small quantities and multiple batches. THG denies any involvement and claims the accusations are without merit.
Factuality Level: 7
Factuality Justification: The article provides a clear account of the legal dispute between THG and Nutrition Depot, with both sides presenting their claims and denials. It includes relevant information about the case and does not include sensationalism or opinion masquerading as fact.
Noise Level: 3
Noise Justification: The article provides relevant information about a legal dispute between two companies and presents both sides of the argument without adding unnecessary filler content or irrelevant details.
Financial Relevance: Yes
Financial Markets Impacted: THG’s financial situation and potential impact on Nutrition Depot
Financial Rating Justification: The article discusses a legal dispute between THG and Nutrition Depot over unpaid invoices, which involves financial matters and could potentially impact the financial standing of both companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
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