Business
EU court hearing
EU court hearing.
About this update from Symphony Environmental Technologies Plc
[{"type":"text","content":"\n \n \n This is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.\n \n \n \n \n \n \n \n \n \n \n \n 21 March 2023\n \n \n \n \n \n \n \n \n \n SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC\n \n \n \n \n \n \n \n \n (\"Symphony,\" the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n EU Court Hearing\n \n \n \n \n \n \n \n \n \n The case brought by Symphony Environmental Technologies Plc against the Commission, Parliament, and Council of the European Union was heard on 20 March 2023 in the General Court of the EU in Luxembourg. Symphony's case is that Art. 5 of the Single-use plastics Directive 2019/904 is unlawful and is claiming for losses and reputational damage.\n \n \n \n \n \n Symphony is represented by Josh Holmes KC and Jack Williams, Barristers from Monckton Chambers, the leading specialists in EU law.\n \n \n \n \n \n Symphony does not accept that Article 5 applies to its technology, but the confusion caused worldwide by the wording of the legislation is obstructing the adoption of the technology. For every day it remains in force Symphony suffers loss, but more important, ordinary plastic continues to be used, and thousands of tons of it are getting into the open environment, where it will persist for 50 years or more.\n \n \n \n \n \n The Court hearing was heard by five judges, including the President of the Court. A written judgment will be delivered in due course, which the Company's legal advisers estimate could be 12 to 15 months after the hearing, and without prior notice. \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n \n Symphony Environmental Technologies Plc\n \n \n \n \n \n \n \n \n \n \n Michael Laurier, CEO\n \n \n \n \n \n Tel: +44 (0) 20 8207 5900\n \n \n \n \n \n \n \n Ian Bristow, CFO\n \n \n \n \n \n \n \n \n \n \n www...