Supreme Court recognizes UAH 460 mln fine imposed by AMCU on Imperial Tobacco as groundless.

On June 1, the Supreme Court ruled that the imposition by the Antimonopoly Committee of Ukraine (AMCU) sanctions in the form of UAH 460 million fine to Imperial Tobacco Ukraine and Imperial Tobacco Production Ukraine for alleged violation of antimonopoly legislation was groundless, the company's website has reported on Wednesday.

"Our company has always acted completely transparently and decently, advocating fair and honest competition, observing all antimonopoly laws not only in Ukrainian legislation, but also the principles of protecting economic competition laid down in EU legislation," CEO of Imperial Tobacco Ukraine Rastislav Cernak is quoted in the press release as saying.

According to the materials of the court ruling, Imperial Tobacco had nothing to do with the events on the Ukrainian market for the distribution of tobacco products, as a result of which only one distributor remained on the market.

Cernak said that this court ruling is an encouraging sign for all foreign investors in Ukraine.

As reported, the Antimonopoly Committee in October 2019 imposed a fine of UAH 6.5 billion for anti-competitive concerted actions on cigarette manufacturers and distributors: UAH 3.4 billion on Tedis Ukraine, UAH 370 million on Philip Morris Sales and Distribution, UAH 810 million on Philip Morris Ukraine, UAH 430 million on PJSC JT International Ukraine, UAH 490 million on PJSC JT International Company Ukraine, UAH 170 million on Imperial Tobacco Production Ukraine, UAH 290 million on Imperial Tobacco Ukraine, UAH 80 million on British American Tobacco Sales and Marketing Ukraine LLC, UAH 450 million on PJSC A/T B.A.T. – Pryluky Tobacco Company, and also ordered these companies to stop violations.

Imperial Tobacco Ukraine is part of the Imperial Brands holding (Britain), its tobacco factory is located in Kyiv.

The company's brands are Davidoff, Parker & Simpson, West, Style, R1 and Pryma. About 50% of manufactured products are exported to the markets of 20 countries, including Armenia, Azerbaijan, Georgia, Moldova, United Arab Emirates, Mongolia, Lebanon, Uzbekistan, and the United States.

Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

Related news
Ukrzaliznytsia posts UAH 39 mln of profit in May

Ukrzaliznytsia posts UAH 39 mln of profit in May

JSC Ukrzaliznytsia in April-May reaches a profit; in particular, in April the company received UAH 35 million of profit, and in May – almost UAH 39 million, the company's press service reported with reference to acting Board Chairman Ivan Yuryk on...

Interfax-Ukraine

On Social Media, Asian Hate Spreads Further, Faster.

On Social Media, Asian Hate Spreads Further, Faster.

Asian people in the U.S. have experienced an escalation of racism and harassment amidst the pandemic, and the discrimination has extended to online social networks

Chinese Rover on Mars Ushers in New Space Race

Chinese Rover on Mars Ushers in New Space Race

Increased competition will push scientists to explore more, US space expert says #mars #spaceexploration #China #UnitedStates

Sky News Breakfast: G7, Brexit and June 21 delay?

Sky News Breakfast: G7, Brexit and June 21 delay?

On Sky News Breakfast with Stephen Dixon: - The PM is expected to agree to the delay of lockdown easing in England pencilled in for 21 June - Brexit tensions continue in Cornwall as the Irish PM tells Sky News Boris Johnson must not ignore the Nor...

Irish PM optimistic solution can be found to NI Protocol row.

Irish PM optimistic solution can be found to NI Protocol row.

Ireland's Prime Minister, Taoiseach Micheál Martin, has told Sky News there is "a route" to resolving tensions over the Brexit Protocol following US President Joe Biden's intervention. He urged Boris Johnson to "very seriously consider" a veterina...

Gordon Brown: G7 summit will go down as 'missed opportunity'.

Gordon Brown: G7 summit will go down as 'missed opportunity'.

Gordon Brown says he thinks this G7 summit will go down as a "missed opportunity" - with not enough committed to vaccinating the world, describing it as a "unforgivable moral failure". The former prime minister says there is no "comprehensive plan...

Labour frontbencher urges lockdown easing delay

Labour frontbencher urges lockdown easing delay

Shadow international trade secretary Emily Thornberry says the scientific evidence is clear and "we can't have a lifting of lockdown at the moment". Ms Thornberry says India should have been put on the red list much sooner, but accuses Boris Johns...