David Blecken
Nov 2, 2017

Bain-ADK deal on the ropes as WPP starts legal proceedings

WPP has filed for arbitration in Japan in an increasingly bitter dispute.

WPP's London offices (AFP)

WPP has launched a legal challenge to ADK’s efforts to end the companies’ alliance, the FT has reported. The company accuses ADK of improper action in selling its own stake in WPP.

It is understood that WPP is working through the Japan Commercial Arbitration Association and the Tokyo District Court. The UK-based advertising group is arguing that ADK’s move to dissolve the partnership, which has been in place since 1998,...

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