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               36. Case No.(Red) 18/2561


               Issues to be determined :

                           1.   Is the Claimant entitled to claim for any rent, damages and interests from the

               Respondent, and if so, how much?
                           2. Which party is to bear the fee, costs and expenses of the arbitration?

                              The Claimant and the Respondent had entered into a lease agreement of the villa in
               dispute with B. Ltd with a view to subleasing the said property. With such purpose in mind, the Claimant

               had then entered into a Rental Pool Agreement (RPA), which is the subject matter of this dispute, for
               period 3 years and 3 months from the date of handover of the villa. The Respondent had paid the

               agreed payment of Baht 366,231 to the Claimant, and since then no further payment has been made.
               The Rent for the second and third years of the RPA had not been paid to the Claimant.


               Award


                           (1) The Respondent shall pay to the Claimant the sum of Baht 336,231 being the Rent due
               for the period from July 2010 to June 2011, and another sum of Baht 366,231 being the Rent due for
               the period from June 2011 to June 2012.

                           (2) The Respondent shall within 60 days upon receipt of this Award pay to the Claimant

               the amount of the Rents due for the period from 1 July 2012 to the date of filing the Statement of
               Claim in this dispute (i.e.   30 December 2015), the total period of which is three years and six months,
               the Rents of which can be quantified at Bath 1,281,748.50

                           (3) The Respondent shall pay interest at the rate of 7.5%   per annum on the first sum of
               Baht 336,231 from 30 June 2011, and on the second sum of Baht 366,231 from 30 June 2012, until the

               payments are fully made.
                           (4) The Respondent shall pay interest at the rate of 7.5% per annum on the aggregate sum

               of Bath 1,281,748.50 from the date next to the lapse of 60 days upon the Respondent’s receipt of this
               Award until the payment is fully made to the Claimant.

                           (5) The Respondent shall solely bear and be responsible for all the fees, costs and expense
               of this arbitration, in accordance with the amounts and details of description as prepared by the TAI
               which is annexed to this Award and which forms an integral part thereto.
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