Domino's Pizza Enterprises Limited (ASX: DMP) has provided an update on the French legal proceedings. Domino's advises that the Cour de Cassation in France has given its judgment in an appeal by a competitor, Speed Rabbit Pizza (SRP) against the judgment of the Paris Court of Appeal in favour of DMP's subsidiary, Domino's Pizza France.
In the decision, SRP was held liable for disparaging Domino's Pizza France and ordered SRP to pay €500,000 in damages. The court partially set aside the decision passed by the Paris Court on procedural grounds for not evaluating all the evidence submitted by SRP related to alleged unfair competition practices by Domino's Pizza France.
A new legal principle was formed that any act of unfair competition necessarily results into damage.
Finally, Cour de Cassation did not find Domino's Pizza France guilty for unlawful conduct and made no findings related to merits of SRP's allegations.
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