The Russians intend continue the lawsuit

Published: 25 May 1999 y., Tuesday
American federal circuit court in Wilmington (Delaware) turned down without consideration the suit filed by Russian Smirnov vodka producers against the owners of Pierre Smirnoff. However, according to reliable sources, the Russians intend continue the lawsuit and already decided to appeal against the court_s decision. According to the law they can file an appeal within 30 days. The main goal of the suit was to prohibit British transnational corporation Diageo and its American branch Heublein from using the brands, awards and regalia of the primordial Russian vodka named after its creator, Piotr Arsenievich Smirnoff. Descendants of the famous businessman, who opened their own trading house in Russia, demanded that the defendants should pay a fee and compensation of 2% from gross sales volume since 1939. According to their calculations total amount of these payments should equal $1.3 billion. In addition to this, they demanded another $125 million for an advertising campaign that would explain who really owns the famous brand. Consideration of the appeal may take 10-12 months. Lawyers from the Russian side believe that their chances are minimum 50/50. If again Heublein wins, theoretically an opportunity to appeal to the US Supreme Court remains. If the original court decision is upheld, this would mean for the "Trading house of the descendants of His Majesty Court supplier P.A. Smirnov" that their product would have no access to the American market - at least in its present form.
Šaltinis: Independent Media
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Financial sector: preventing the next crisis

New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed. more »

Russia's accession to WTO and China's role in world economy were discussed in Vilnius

On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy. more »

Globalisation fund: Budgets Committee backs aid to Spain and Ireland

2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday. more »

Commission rewards Europe's best green businesses

Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment. more »

Fisheries reform: firm backing for research but differing views on quotas

The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday. more »

First JESSICA fund loan agreement signed with Lithuania’s Šiaulių bankas

The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas. more »

Estonia's euro

Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January. more »

'Polluter pays' principle for banks

Commission proposes a bank tax to cover the costs of winding down banks that go bust. more »

Strong EIB support for new energy investments in Greece

The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery. more »

The promotion of the electric vehicle in Europe, under examination

European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals. more »