Court upholds Philip Morris International group's appeal, cancels UAH 1.

The Pivnichny (Northern) Economic Court of Appeal upheld an appeal of CJSC Philip Morris Ukraine and Philip Morris Sales and Distribution LLC in case No. 910/17723/19, canceled the decision of the Kyiv Economic Court dated August 5, 2020, and canceled the fines for a total amount of UAH 1.18 billion imposed on them in 2019 by the Antimonopoly Committee of Ukraine (AMCU).

According to the court's decision, promulgated in the unified public register of court rulings, the Pivnichny Economic Court of Appeal ruled to invalidate paragraphs 1 and 11 of AMCU decision No. 697-r dated October 10, 2019 that concern the PMI group of companies, as well as invalidate paragraphs 3 and 4 of this solution.

In addition, the court ruled to collect UAH 14,400 of court fee from the AMCU in favor of OJSC Philip Morris Ukraine (the settlement of Dokuchayevske, Kharkiv region) and Philip Morris Sales and Distribution LLC (Kyiv).

The Pivnichny Economic Court of Appeal also ruled to return the materials of case No. 910/17723/19 to the Economic Court of the city of Kyiv.

The decision of the appellate instance entered into force from the date of its awarding.

As reported, the AMCU in October 2019 imposed a fine of UAH 6.5 billion on four tobacco producers and distributor Tedis Ukraine for anticompetitive concerted actions. Later, Philip Morris Ukraine paid a fine to the AMCU in the total amount of more than UAH 1.18 billion in order to avoid the accrual of penalties, but in February 2020, PMI submitted a notification to the Ministry of Justice of Ukraine that Ukraine had violated a number of obligations under investment protection agreements.

The companies of the Philip Morris International group on December 21, 2020 also filed a claim about bilateral investment arbitration against the government of Ukraine with the International Centre for Settlement of Investment Disputes (Washington, DC, the United States) in connection with the unfair, in their opinion, decision of the Antimonopoly Committee of Ukraine (AMCU) to fine them UAH 1.2 billion in the case of the wholesale distributor Tedis Ukraine.

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
Ukraine needs to make more progress to receive next tranche - IMF.

Ukraine needs to make more progress to receive next tranche - IMF.

The International Monetary Fund (IMF) continues discussions with the Ukrainian authorities about further cooperation as part of the stand-by program, noting that more progress is needed to support completion of the first review under the program.

UkrInform

Government has pledged £30m for new COVID variant testing at Porton Down.

Government has pledged £30m for new COVID variant testing at Porton Down.

The government laboratory at Porton Down is to receive an extra £30m in funding, for virus testing to tackle COVID variants. SUBSCRIBE to our YouTube channel for more videos: Follow us on Twitter: Like us on Facebook: Follow us on Instagram: For m...

Hawley warns the left won't rest until every corporation does their bidding.

Hawley warns the left won't rest until every corporation does their bidding.

Sen. Josh Hawley, R-MO, slams Big Tech's censorship tactics to bolster Democrats on 'Hannity.' #FoxNews #Hannity Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing ne...

Glenn Greenwald: American liberals are confused on where power lies.

Glenn Greenwald: American liberals are confused on where power lies.

Journalist Glenn Greenwald reacts to the left's embrace of intelligence agencies on 'Tucker Carlson Tonight.' #FoxNews #Tucker Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-e...

ABBA star's SOS call to rebalance the music economy.

ABBA star's SOS call to rebalance the music economy.

ABBA's Bjorn Ulvaeus is calling for the 'song economy' around music royalties to be rebalanced after the COVID pandemic. The money artists receive from streaming services has already caused controversy in the industry, but a new report argues the ...

Over-50s to get a third Covid-19 'booster' jab in autumn to stop 3rd wave & beat variants.

Over-50s to get a third Covid-19 'booster' jab in autumn to stop 3rd wave & beat variants.

A THIRD jab is set to be offered to over 50s this autumn in an attempt to tackle the new threat of variants this winter. The third shot will be given in conjunction with the annual flu jab and will either be a new vaccine designed to fight variant...

Ron Johnson demanding meeting with FBI director after security briefing leaked.

Ron Johnson demanding meeting with FBI director after security briefing leaked.

Rep. Jim Jordan, R-Ohio, and Sen. Ron Johnson, R-Wisc., join 'Hannity' to discuss new evidence of FISA fraud. #FoxNews #Hannity Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-...