EU Court Upholds Fortress Group Ownership Transfer

5 articles | Updated 3d ago | Created 3d ago

Peru CROATIA

The European Union court has ruled that the ownership transfer within Fortenova is legal, rejecting all claims made by competitor S.B.K.Art regarding fraud or corruption in 2017 transactions involving a former employee at Zlatna Pijaca d.o.O.. In its decision delivered on March 9 and finalized today with further confirmation from Luxembourg courts last week, the EU court dismissed SBK Art's allegations that Fortenova acted improperly during negotiations.

Key Points

1

The European Court of Justice ruled that the ownership change in Fortenova Group was conducted lawfully.
2

Fortenova successfully defended against false accusations made by SBK Art regarding their legal conduct and actions.

Developments

Mar 12, 16:19 The Court of Justice of the European Union ruled that Fortenova Group's change in ownership was conducted lawfully.

Mar 12, 15:21 Fortenova confirmed its victory at court and stated all false claims were refuted as it had acted correctly from day one since moving to Luxembourg for the trial on March 7th. The company emphasized that no further legal action would be taken.

Mar 12, 14:45 Fortenova won a significant court battle in which false accusations were definitively refuted after nearly two years of litigation against SBK Art regarding the ownership change. The company stated it acted correctly from day one and will not take further legal action.

Mar 12, 14:24 Fortenova announced that all false claims were defeated in its court victory following a two-year trial against SBK Art over the ownership change. The company confirmed it acted correctly from day one and will not pursue further legal action.

Mar 12, 14:19 Fortenova secured a win at Luxembourg Court after nearly three years of litigation regarding its move to that jurisdiction for trial on March 7th. The company stated it acted correctly from day one and will not take further legal action.

Perspectives

The European Court of Justice has ruled that the change in ownership for Forten's group was conducted lawfully.

— [Mar 12, 16:19] Sud Europske unije: Promjena vlasništva Fortenova grupe provedena zakonito (Poslovni.hr)

! The European Court of Justice has delivered a verdict! It was ruled that the change in ownership for Forten's group is lawful!

— [Mar 12, 15:21] Sud Europske unije donio presudu! Promjena vlasništva Fortenova grupe provedena je zakonito! (Vecernji.hr)

'Forten has won a significant legal battle': False claims by SBK Art have been definitively refuted.

— [Mar 12, 14:45] Fortenova dobila važnu pravnu bitku: 'Konac̑no su pobijene lazne teze SBK Art-a' (Direktno.hr)

'Forten has announced': All false claims have been refuted.

— [Mar 12, 14:05] Fortenova objavila: 'Pobijenje su sve lažnje teže' (Tportal.hr)

Sud Europske unije: Promjena vlasništva Fortenova grupe provedena zakonito

Poslovni.hr 3d ago

Sud Europske unije donio presudu! Promjena vlasništva Fortenova grupe provedena je zakonito!

Vecernji.hr 3d ago

Fortenova dobila važnu pravnu bitku: 'Konačno su pobijene lažne teze SBK Art-a'

Direktno.hr 3d ago

Fortenova objavila: 'Pobijene su sve lažne teze'

Tportal.hr 3d ago

Pobjeda Fortenove na sudu u Luxembourgu: "Pobijene su lažne teze, postupali smo ispravno od prvog dana"

Dnevnik.hr 3d ago