The Central Intellectual Property and International Trade Court has revoked an injunction that sought to alter the voting structure of Quality Coffee Products Co. Ltd. (QCP), a long-standing joint venture between Thailand’s Mahagitsiri family and Swiss food conglomerate Nestlé.
The court order, issued on 17 July 2025, restores the original board decision-making rules, under which both parties must mutually agree before any resolution is passed.
The injunction, previously requested by the Mahagitsiri side, would have allowed board decisions to proceed without Nestlé’s consent, effectively shifting the power dynamic in the company.
QCP has manufactured and distributed Nescafé products in Thailand for over three decades. However, relations between the partners have soured in recent years, culminating in Nestlé filing a separate request for the company’s dissolution.
That case is currently under review at the Bangkok South Civil Court.
The recent ruling not only reverses the attempted change to QCP’s board voting process but also introduces new financial reporting requirements.
Shareholders affiliated with the Mahagitsiri family must now submit detailed monthly reports outlining the company’s income, expenditures, assets, and liabilities.
Legal analysts say the court’s decision signals a reassertion of contractual balance and may influence the outcome of the dissolution case.
For now, Nestlé retains its veto power on board matters, and the future of one of Thailand’s most prominent coffee producers remains uncertain.
Further court proceedings are expected to determine the fate of QCP and the future of the joint venture.
