Shanken News Daily: Exclusive news and research on the wine, spirits and beer business
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Shanken News Daily: Exclusive news and research on the wine, spirits and beer business
shankennewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shankennewsdaily.com Daily Mail and Mail on Sunday newspapers.
Acquittal for Former French PM in Corruption Trial
Félix de Belloy won an acquittal for Edouard Balladur
before the Court of Justice of the Republic in the former French
prime minister s trial over allegations that he financed his
1995 presidential campaign with illegal kickbacks from
international arms deals. On March 4, a 15-judge panel exonerated
the 91-year-old politician after 20 years of public accusations.
The Court found that Balladur was never involved in a fraudulent
system of kickbacks; that financing for his presidential campaign
in 1995 was lawful; and that he was not responsible, even
indirectly, for a bombing in Karachi, Pakistan in 2002 that had
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Perhaps Snoop Dogg should stick to gin n’ juice, as the rapper’s foray into promoting cognac and brandy products caused him to become the subject of a decade-long arbitral dispute, which was finally resolved last month.
On January 25, 2021, a New York district court judge affirmed a nearly $2 million arbitration award against French cognac distiller Cognac Ferrand SAS (Ferrand) resulting from a dispute over $35,000 in royalties allegedly owed to rapper Snoop Dogg. The dispute arose out of Ferrand’s early termination of a five-year contract with U.S. liquor importer Mystique Brands (Mystique), pursuant to which Ferrand granted Mystique the exclusive right to import and market Ferrand’s “Landy” line of cognac and brandy. As part of the contract, Mystique agreed to enter into a marketing agreement with Snoop Dogg to endorse and promote Landy products.