Press Release regarding the arbitration proceedings between Fairfest Media Ltd. and Messe Berlin GmbH

Fairfest Media Ltd. has invoked arbitration against Messe Berlin GmbH under a Non Disclosure Agreement dated 29th November 2017.Parties have referred their disputes to arbitration.

Fairfest Media Ltd. had applied to the Arbitrator for various interim reliefs, including (a) an injunction against Messe Berlin GmbH from promoting and hosting its trade fair “ITB India”, and undertaking all actions related thereto, and (b) an injunction against Messe Berlin GmbH from using certain confidential information that had been shared by Fairfest Media Ltd.

Fairfest had applied for an interim injunction restraining Messe Berlin GmbH from using various pieces of information. The Arbitrator has restrained Messe Berlin GmbH from using some of the information that was shared by Fairfest Media Ltd. under the NDA, which is set out below:

A. Detailed Cost Accounts of the Claimant and costing of each show, as referred to in Serial No. 1 of Exhibit “1” to the Additional Affidavit dated 28th June, 2018.
B. OTM Management Accounts relating to the Claimant’s OTM show held in 2017.
C. Information in respect of floor plan management and erection of set up as referred to in Serial No. 4.2 of Exhibit “1” to the Additional Affidavit dated 28th June, 2018, of the Claimant.
D. List of hosted buyers (Clients) as referred to in Serial No. 4.3 of Exhibit “1” to the Additional Affidavit dated 28th June, 2018, of the Claimant.
E. Documents titled “History & Background of Travel Shows Portfolio of Fairfest Media” shared vide email dated 15th January, 2018, and
F. Financial frame work of the Claimant’s events, including cost and management accounts showing profitability of each one of the events of the Claimant as referred to Serial No. 4.5 of the Additional Affidavit dated 28th June, 2018, of the Claimant.

The Arbitrator did not grant any injunction against Messe Berlin GmbH from promoting and hosting its trade fair “ITB India”, and accordingly, Messe Berlin GmbH is at liberty to promote and host its trade fair “ITB India” scheduled to be held from April 15-17, 2020 at Mumbai.

This press release is being issued by Fairfest without prejudice to the rights and contentions of both parties.