IRELAND: Greencore loses out in ECJ fine refund case
Irish Sugar owner Greencore has been rebuffed in a legal bid to force the European Commission to pay €154,892 (US$0.18m) interest on a refunded fine, with a European Court of Justice advocate general saying it overly delayed legal action.
Greencore had requested Brussels pay both principal and interest on €916,674 repaid after the ECJ's Court of First Instance reduced a competition fine imposed by Brussels in 1997. However, the Commission refused. The company subsequently launched an ECJ action claiming the interest, but not until the court confirmed - eight months later in another case - that the Commission should pay interest on such refunds.
Brussels said Greencore should have appealed within two months and advocate general Francis Jacobs has now recommended the senior ECJ backs the Commission.
Greencore has announced that, following an extensive review of the new European sugar regime, it will stop processing sugar in a move that looks set to spell the end of sugar beet cultivation and proc...
Irish-based food and agribusiness company Greencore has announced a fall in sales and increased losses for the year ended 30 September 2005 hit by exceptional charges associated with restructuring and...
Irish-based food and agribusiness company Greencore has announced a number of initiatives it has undertaken during the last two months aimed at developing the business....
Irish food group Greencore increased profit for the first half year ended 25 March but was hit by the costs of reorganising its sugar arm....
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