OMN - Omnia Holdings Limited - Constitutional court dismisses appeal against
OMN
OMN
OMN - Omnia Holdings Limited - Constitutional court dismisses appeal against
YARA SA and Omnia Fertilizer Limited
OMNIA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1967/003680/06)
JSE code: OMN
ISIN: ZAE000005153
("Omnia")
CONSTITUTIONAL COURT DISMISSES APPEAL AGAINST YARA SA AND OMNIA FERTILIZER
LIMITED
The Constitutional Court this week dismissed a direct appeal by the Competition
Commission against a decision of the Competition Appeal Court in a ten-year long
alleged cartel complaint against fertilizer producers YARA SA and Omnia
Fertilizer Limited. Costs were awarded to Omnia and YARA SA.
The Competition Appeal Court had in March 2011 ruled in favour of Omnia in an
appeal against a Competition Tribunal decision which allowed the Commission to
amend its complaint referral against Omnia and YARA. The Competition Commission
applied for leave to appeal to the Supreme Court of Appeal, and more than four
months later applied for leave to appeal directly to the Constitutional Court.
The case was heard in November 2011.
The Constitutional Court dismissed the Commission`s application but did not rule
on the scope of the Commission`s powers to amend its complaint referrals. The
Court ruled that the Commission`s application should be refused because it was
in the interests of justice for the Constitutional Court to have the views of
the lower courts in determining complex competition law issues.
Rod Humphris, MD Omnia Group, commented:
"Omnia has consistently maintained that the Commission is not entitled to amend
its complaint referral and is pleased with the outcome. This reaffirms the
accepted principles regarding due process and the well-established rules and
procedures governing the Courts."
Johannesburg
28 June 2012
Sponsor
One Capital
Date: 28/06/2012 12:50:48 Produced by the JSE SENS Department.
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