The AMC commended the decision of Imperial tobacco not to prolong the litigation and to pay a fine
In the case of collusion between the monopolist and distribution of cigarettes and manufacturers had been fined nine companies.
The economic court of Kiev dismissed the claim of the companies of Imperial tobacco Ukraine and Imperial tobacco Production Ukraine about recognition partially invalid claims of the Antimonopoly Committee for the recovery of penalties for the crime of collusion. As a result, the group of companies Imperial tobacco paid a record fine in the amount of 460 million, according to the website of the Antimonopoly Committee of Ukraine.
“The Antimonopoly Committee appreciates the decision of the group of companies Imperial tobacco not to prolong the litigation and to pay a fine for violation of competition law”, – stated in the message.
The AMC hopes that other participants in the trial will follow the lead of the group.
Recall, 10 October 2019, the Antimonopoly Committee 10 October 2019 fined producers of whitefish for conspiring with the exclusive distributor of Tedis Ukraine for a total amount of 6.5 billion hryvnias. Among the fined companies – Philip Morris, JT international, Imperial tobacco, the Production and the British American tobacco (Kiev) and others.
Later it became known that the tobacco companies will sue the AMC’s record-breaking fine. On the eve of the media reported that the tobacco companies are ready to submit a claim to arbitration against Ukraine.
Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my email@example.com 1-800-268-7128