Court of Appeal rules in favor of GrandVision
06 Aprile 2021 - 7:45PM
Court of Appeal rules in favor of GrandVision
Court of Appeal rules in favor of GrandVision
Court of Appeal confirms District Court's ruling /
Claims made by EssilorLuxottica fully dismissed
Schiphol, The Netherlands, 6 April 2021. Today,
the Amsterdam Court of Appeal has dismissed all claims made by
EssilorLuxottica SA (Euronext: EL) to receive additional
information mainly in relation to GrandVision NV’s (Euronext: GVNV)
actions to mitigate the impact of COVID-19 on its business. The
ruling confirms the earlier ruling by the District Court on August
24, 2020.
The arbitration proceedings initiated by GrandVision against
EssilorLuxottica, as communicated on 30 July 2020, are ongoing.
These proceedings are confidential and behind closed doors. Today's
court ruling is separate and independent from the claims raised by
GrandVision in the arbitration proceedings.
GrandVision continues to support EssilorLuxottica with the
shared objective to obtain regulatory approval for the closure of
the Transaction before 31 July 2021.
Further announcements will be made if and when required.
- GrandVision Press Release