Finnlines - Company Announcement

The Court of Appeal dismissed the judgment of the District Court regarding the fairway dues

Helsinki, Finland, 2016-08-08 14:01 CEST (GLOBE NEWSWIRE) -- Finnlines Plc     
                   Stock Exchange Release 8 August 2016 at 15:00 



THE COURT OF APPEAL DISMISSED THE JUDGMENT OF THE DISTRICT COURT REGARDING THE
FAIRWAY DUES 

The Court of Appeal has today dismissed the judgment rendered by the District
Court of Helsinki on the 27 February 2015 regarding the dispute between
Finnlines Plc and the State of Finland. The Court of Appeal sees that the
claims of both parties have expired. The Company considers requesting for a
right to appeal from the Supreme Court. 

According to Finnlines Plc the Finnish Act on Fairway Dues in force until 1
January 2006 has contained provisions which according to EU law were
discriminatory. The Company has been charged excessive fairway dues during
2001-2004. Helsinki District Court ordered State of Finland to refund to
Finnlines Plc, as plaintiffs, the fairway dues, charged in excessive extent in
the years 2001-2004 totalling about EUR 17.0 million including interest. 

Further information: Tapani Voionmaa, Group General Counsel, tel. +358 50 565
5207 



Finnlines Plc



Tom Pippingsköld                   Tapani Voionmaa
CFO                                       Group General Counsel



DISTRIBUTION
Nasdaq Helsinki Ltd
Main media
www.finnlines.com



About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the
Baltic Sea and the North Sea. The Company is listed on the Nasdaq Helsinki Ltd
and is a part of the Grimaldi Group, one of the world’s largest operators of
ro-ro vessels and the largest operator of the Motorways of the Sea in Europe
for both passengers and freight. This affiliation enables Finnlines to offer
liner services to and from any destination in the Mediterranean, North Europe,
West Africa as well as the Atlantic coast of both North and South America. 

www.finnlines.com