Helsinki, Finland, 2016-08-08 15:46 CEST (GLOBE NEWSWIRE) -- Finnlines Plc Stock Exchange Release 8 August 2016 at 16:45
CORRECTION: THE COURT OF APPEAL DISMISSED THE JUDGMENT OF THE DISTRICT COURT REGARDING THE FAIRWAY DUES
CORRECTION: The Court of Appeal sees that the claims of Finnlines have expired.
The Court of Appeal has today dismissed the judgment rendered by the District Court of Helsinki on the 27 February 2015 regarding the dispute between Finnlines Plc and the State of Finland. The Court of Appeal sees that the claims of Finnlines have expired. The Company considers requesting for a right to appeal from the Supreme Court.
According to Finnlines Plc the Finnish Act on Fairway Dues in force until 1 January 2006 has contained provisions which according to EU law were discriminatory. The Company has been charged excessive fairway dues during 2001-2004. Helsinki District Court ordered State of Finland to refund to Finnlines Plc, as plaintiffs, the fairway dues, charged in excessive extent in the years 2001-2004 totalling about EUR 17.0 million including interest.
Further information: Tapani Voionmaa, Group General Counsel, tel. +358 50 565 5207
Finnlines Plc
Tom Pippingsköld Tapani Voionmaa
CFO Group General Counsel
DISTRIBUTION
Nasdaq Helsinki Ltd
Main media
www.finnlines.com
About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the Baltic Sea and the North Sea. The Company is listed on the Nasdaq Helsinki Ltd and is a part of the Grimaldi Group, one of the world’s largest operators of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe for both passengers and freight. This affiliation enables Finnlines to offer liner services to and from any destination in the Mediterranean, North Europe, West Africa as well as the Atlantic coast of both North and South America.