The Supreme Court has sent a case opened vis-à-vis the well-known medicine brand Corvalol Corvalolum to the Grand Chamber of the Supreme Court. This decision was taken by the court on Tuesday, Head of the Legal Department of PJSC Farmak, lawyer Dmytro Taranchuk has told Interfax-Ukraine.
Having taken this decision, the Supreme Court granted the request of a third party – PJSC Farmak – on sending the case to the Grand Chamber of the Supreme Court.
“This is a lawful decision and was taken in line with all procedural requirements; it will provide an impartial and objective consideration of the case,” the lawyer said.
As reported, the appeal chamber of Ukraine’s Economic Development and Trade Ministry on June 20, 2017, declared the Corvalol Corvalolum trademark used by PJSC Farmak as a well-known one.
Kyiv-based Darnitsa pharmaceutical firm in turn seeks the legal right to produce its own medicine, Corvalol. The firm appealed to the business court of Kyiv seeking to declare the decision of the ministry unlawful. The court of lower instance dismissed Darnitsa’s lawsuit, while Kyiv’s business court of appeals upheld the firm’s counterclaim.
Farmak declares that the name “Corvalol,” which has been produced since 1960, belongs to the company, as the medication was created in 1960 by Lomonosov Kyiv Chemical-Pharmaceutical Plant, and Farmak is the legal successor of the plant.
Since 1991, PJSC Farmak has been the only manufacturer of this medication in the post-Soviet space. The trademark Corvalol is protected in 15 countries of Europe and Central Asia: Germany, Poland, Lithuania, Latvia, Belarus, Moldova, Romania, Bulgaria, Turkmenistan, Armenia, Georgia, Azerbaijan, Tajikistan, Kyrgyzstan, and Kazakhstan.
Darnitsa pharmaceutical firm is one of the ten largest pharmaceutical producers in Ukraine and belongs to the top ten hospital suppliers. The ultimate beneficiary is Hlib Zahoriy.
PJSC Farmak is among Ukraine’s top three pharmaceutical producers and is a member of the Association Manufacturers of Medications of Ukraine (AMMU). PJSC Farmak’s beneficiary is Chairperson of PJSC Farmak’s supervisory board Filia Zhebrovska.
BRAND, CORVALOL, GRAND CHAMBER, MEDICINE, UKRAINIAN SUPREME COURT
One troy ounce=31.10 grams
Justin, a new postal and logistics service, part of Ukraine’s largest commercial and industrial group Fozzy Group, after a technological launch in October has announced the official opening, the press service of the company has reported.
“Today, more than 230 offices throughout Ukraine are already operating, and by the end of this year the operator plans to open at least another 100,” the company said.
The facilities are located in Silpo, Fora, Fozzy, Thrash! networks, while the company does not rule out the expansion of the network by opening branches in other distribution networks.
In addition to conventional postal services, Justin intends to provide a range of financial services, insurance services and issuance of credit cards.
One of the branch formats is also OSR (Online Service Retail): there are three workplaces in them, a fitting room is equipped, and it is also possible to test the received electrical goods. In the near future, the company plans to launch the opportunity to use the services of the order desk from online stores. The area of such a department is 50-60 square meters.
Just In LLC was created in 2017. Its core business is accompanying services during transportation.
Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of November 21 had exported 16.58 million tonnes of grain, which is almost 4.9% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, the country exported 8.8 million tonnes of wheat, 3 million tonnes of barley, and 4.4 million tonnes of corn.
In addition, 82,500 tonnes of flour had been exported on that date.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY. Grain exports in the 2018/2019 MY are projected to be 42.5 million tonnes.
Hungary’s low cost airline Wizz Air plans to resume operations of the Ukrainian subsidiary – Wizz Air Ukraine – in 2019, the airline has reported. Wizz Air Ukraine has the goal of obtaining the license of the Ukrainian operator in 2019, the airline said. After a meeting of Ukrainian President Petro Poroshenko and Wizz Air CEO József Váradi the sides have achieved the accord regarding the fact that the resumption of operations of Wizz Air Ukraine would contribute the development of the Ukrainian aviation sector, offering fares for trips effective from the point of view of the expenses and quality ratio.
Váradi said that in confirmation of the airline’s commitment to Ukraine and in response to high consumer demand, Wizz is ready to significantly increase its investment in the country in the near future. In particular, this is the resumption of the operation of its Ukrainian subsidiary – Wizz Air Ukraine. Here the airline is counting on the necessary support from representatives of the Ukrainian government, he said.
The airline plans to invest $2.5 billion to increase the Ukrainian fleet to 20 new Airbus A320 and Airbus A321 planes.
“These aircraft will be delivered to the base of the airline in Kyiv and other regions of Ukraine. As a result, the planned volume of transported passengers will be 6 million per year by 2025,” Wizz Air said.
According to the management of the airline, the resumption of operations of Wizz Air Ukraine will create about 6,000 local jobs both in direct and related industries. It will stimulate a significant development of Ukrainian tourism and services.
At the same time, the airline said that the resumption of flights of Wizz Air Ukraine will expand the network of its low-cost routes to/from Ukraine.
Wizz Air closed its Ukrainian subsidiary Wizz Air Ukraine in 2015, continuing the service of flights from the country by the Hungarian airline. The top managers of the airline explained the decision to close the Ukrainian subsidiary by the unstable situation in the east of Ukraine and the devaluation of the hryvnia. Later, the airline several times announced the possibility of resuming its subsidiary after stabilization of the situation and in the event of an increase in demand for air transportation in the country.
As reported, Irish low cost carrier Ryanair plans to open five new flights from Ukraine in 2019, and to invest $1.5 billion in Ukraine over three to five years, increasing the fleet to 15 aircraft and passenger traffic to 5 million people.
Wizz Air offers flights on 41 routes to 12 countries from three Ukrainian cities – Kyiv, Lviv and Kharkiv.
