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
Poland's local currency rating was downgraded on Wednesday by Standard & Poor's because of concerns about the country's high budget deficits and a rapid increase in government debt
more »
In the coming 3 years Lithuania will be the fastest growing economy among 25 member states of the enlarged European Union
more »
Capital Intelligence Upgrades Lithuania’s Long-Term Currency Credit Standing
more »
The man who is now in charge of Russian oil giant Yukos has vowed to carry on the policies of his jailed predecessor, Mikhail Khodorkovsky
more »
WEF's rating this year better reflects Latvia's competitiveness
more »
Avtobank-NIKoil and Ural-Siberian Bank announced Friday that they will merge in a year to create one of the country's largest banks
more »
Russia and its neighbors may boost crude oil shipments through an Israeli pipeline, helping them compete against Persian Gulf nations for sales in Asia
more »
Germany and France will tonight join forces in a last-ditch legal attempt to save themselves from the full impact of the European Union's budget rules
more »
SR Telecom Inc. has sold wireless access systems to Czech Radio in a deal potentially worth $8 million US
more »
LNM Group, the world's second-biggest steelmaker, said it will buy a 69 percent stake in Poland's state- owned Polskie Huty Stali SA in an accord valued at $2 billion, including debt and investments
more »