Dutch retail giant Ahold has announced that the Court of First Instance in the Netherlands Antilles has dismissed all claims filed by Distribucion y Servicio D&S and Servicios Profesionales y de Comercialization (together "D&S") against Disco Ahold International Holdings.   
D&S initiated civil proceedings against Disco Ahold International in connection with Disco's acquisition in 2000 of Supermercados Ekono, which owned supermarkets in Buenos Aires, Argentina. D&S alleged, amongst other things, that Disco underpaid a deferred portion of the purchase price by Argentina's "pesofication" law, which requires that all foreign currency debts be paid in Argentine pesos.
D&S, which had sought approximately US$47.5m as well as interest, was ordered to pay costs, but is allowed to appeal.

Peter Wakkie, Ahold's executive vice president and chief corporate governance counsel, said he was "delighted" with the judgment.