The Court of Appeal overturned the UAH 1,2 billion fine imposed by the Antimonopoly Committee of Ukraine on Philip Morris.

by Editor • 13.04.2021 • 0 Comments

On March 24, 2021, the Northern Commercial Court of Appeal upheld the appeal of Philip Morris Ukraine CJSC and Philip Morris Sales and Distribution LLC, reports Finbalance.

Thus, the appeal court overturned the decision of the Kyiv Commercial Court of August 5, 2020, and issued a new decision, which satisfied the plaintiffs' claim and cancelled the fines imposed on them by the Antimonopoly Committee in 2019 in the total amount of UAH 1,200,000,000.

Previously, the Philip Morris Group intended to pay the fines to avoid the daily penalty, which, according to the law, amounts to 1,5% of the fine amount.

"As a reminder, in October 2019, the Antimonopoly Committee fined four of the largest tobacco manufacturers (Philip Morris, JT, Imperial Tobacco, and British American Tobacco) and the distributor Tedis Ukraine a combined UAH 6.5 billion. The AMCU then ruled that Tedis Ukraine's monopoly in the distribution market had been illegally established as a result of concerted actions by the company and tobacco manufacturers. The AMCU also recommended that the manufacturers take measures to limit their monopoly and promote competition in the cigarette distribution market," the publication writes.

Ранее Skelet.Org reported that Philip Morris is suing Ukraine over the Antimonopoly Committee's fine against Kaufman's company.

In topic: The Antimonopoly Committee of Ukraine fined Kaufman's tobacco company UAH 274 million.

The appeal sided with British American Tobacco in a dispute over a fine from the Antimonopoly Committee of Ukraine for UAH 450 million

Skelet.Org

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