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
Ukraine's stock market is Europe's best performer this year, buoyed by exports to neighboring Russia and the European Union
more »
The Kazakh authorities have arrested the property, including the Sunkar floating platform, of Parker Drilling
more »
Oil prices have been pushed up again by several factors
more »
The Russian gas giant, Gazprom, will take part in the tender to privatise one and not two gas distribution company
more »
The Polish economy should grow by 5.5 percent year-on-year in 2004
more »
Foreign investors seemingly unfazed by Serbia’s numerous economic and political problems
more »
The London Club has agreed to write off more than half of Serbia's $2.8 billion debt to the group and reschedule payments on the remainder over the next 20 years
more »
On 1 July, Uzbek national currency - soum - turned 10 years
more »
Ukraine’s public debt increased by $33m, or 0.2 percent, in May to $14.696bn, according to Ukraine’s Finance Ministry
more »
The Russian Union of Industrialists and Entrepreneurs does not think that Russia has a banking crisis
more »