Swedish Supreme Court decided not to grant Jubii Europe N.V.'s (ISIN NL0000233195) Swedish subsidiary Yarps Network Services AB a leave to appeal

Following Yarps Network Services having sought relief against the Svea Court of Appeal's judgment, in a 8 May, 2018 decision, the Swedish Supreme Court has decided not to grant a leave to appeal to consider Yarps Network Services' competition damages claim. Yarps Network Services currently considers, together with their legal advisors, to seek extraordinary relief before the Supreme Court. Other than this, Yarps Network Services has no further possibility to appeal and shall not be able to collect damages from Telia Company.

To cover Telia Company's legal costs, Yarps Network Services has already made a deposit including accrued interest on the date of the deposit of altogether approximately EUR 2,2 million with the Swedish Enforcement Agency. In addition Yarps Network Services shall have to pay such default interest that has since the date of the deposit with the Swedish Enforcement Agency been accrued, an amount of approximately EUR 107.000 (approximately SEK 1,1 million).

Yarps Network Services' decision whether or not to attempt to seek extraordinary relief will be disclosed in a subsequent ad hoc announcement.

Jubii Europe N.V.

Haarlem, the Netherlands, May 11, 2018

Attachments

  • Original document
  • Permalink

Disclaimer

Jubii Europe NV published this content on 11 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 May 2018 13:27:05 UTC