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January 30, 2019

Underpricing accussations for Metsä, Stora Enso and UPM dismissed

Underpricing accussations for Metsä, Stora Enso and UPM dismissed
In 2011, Metsähallitus (a Finnish state enterprise, which administers state-owned land) filed a claim for damages against UPM, Metsä and Stora Enso. The claim relates to the decision of December 2009 in which the Finnish Market Court held that the defendants had breached competition rules in the Finnish roundwood market.    On 21 May 2018, Helsinki Court of Appeal rejected the damages claim of Metsähallitus and ordered Metsähallitus to pay compensation for legal expenses. Metsähallitus requested leave to appeal from the Supreme Court. The principal amount of Metsähallitus claim was in ...

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