A Luxembourg-based European courton Wednesday turned down an appeal by Microsoft to delay sanctions imposed on the software giant by the European Commission
Published:
23 December 2004 y., Thursday
A Luxembourg-based European courton Wednesday turned down an appeal by Microsoft to delay sanctions imposed on the software giant by the European Commission (EC), the executive arm of the European Union (EU).
The European Court of First Instance found Microsoft had not shown it could suffer irreparable damage as a result of sanction simposed in March after the EC found it had abusively wielded its Windows operating system monopoly.
The EC had demanded that Microsoft change its business practices and levied a fine of 497 million euros (about 613 million US dollars), the biggest ever imposed by the EC in an anti-trust case.
Microsoft demanded the sanctions to be suspended until the case receives a civil court hearing.
Welcoming the court ruling, the EC said in a statement that the judgement means the sanctions "become effective immediately."
Implementation of the EC's decision "will not only benefit consumers of computer products in terms of choice of media players and choice of work-group servers, but will also stimulate innovation," the statement said.
Šaltinis:
chinaview.cn
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A joint economic forum was held at the Grand Hotel Europe in Baku on Wednesday and attended by representatives of the Azerbaijan Ministry of Economic Development and the Austrian delegation
more »
Core shareholders in the embattled oil giant Yukos threatened on Tuesday to sue a syndicate of Western banks lending money to the gas monopoly Gazprom to enable it to bid for Yukos' main production unit
more »
Growing interest in shares on the stock exchanges of central and eastern Europe has pushed them to record levels, making them among the best-performing in the world
more »
The Azpetrol Holding of Azerbaijan plans to conclude by end-2004 its negotiations with the Moldovan Government on the terms of obtaining the Giurgiulestii Oil Terminal in southern Moldova
more »
Members of the OPEC oil cartel have agreed to cut production in response to rapidly sliding prices
more »
Europe's economy is suffering as the euro continues to reach record highs against the weakening dollar, but the tumbling U.S. currency isn't necessarily bad news for the Czech economy
more »
President Robert Kocharian said on Friday that the renewed strengthening of the national currency, the dram, resulted not only from market factors but also speculative dealing, openly disagreeing with the Armenian Central Bank
more »
Poland has no grounds to fear the expansion of Russian capital, Foreign Ministry spokesman Alexander Yakovenko said in a RIA interview Friday
more »
Lithuania's Adamkus Expects 7% Economic Growth, Euro in 2007
more »
To get a hint of where U.S. companies look to invest overseas, listen to the languages they're learning
more »