MOSCOW (MRC) -- M&G Chemicals, part of the Mossi Ghisolfi Group (M&G), announces that the Court of Milan has confirmed its ruling against Invista Technologies declaring in a first instance the nullity of the Italian counterpart of Invista’s patent relevant to barrier resin products, said the producer at its press release.
The Court of Milan also condemned Invista to pay all damages caused to M&G through the acts of unfair competition, ordering the immediate payment of 70.000,00 Euros prior to the final evaluation of such damages incurred by M&G.
In addition Invista was condemned to pay the relevant legal costs and fees in the amount of 50.000,00 Euros as well as the costs of the Expert appointed by the Court.
According to Marco Ghisolfi, President and CEO of M&G Chemicals, M&G Chemicals welcomes the decision of the Court of Milan as it confirms M&G Chemicals’ original position that Invista had no valid rights within this patent and no valid rights to limit M&G’s fair commercial activity on the barrier resin market.
Last year, Invista Performance Technologies has acquired from La Seda de Barcelona SA intellectual property relating to its leading purified terephthalic acid (PTA), polyethylene terephthalate (PET) and related process technologies, including the full rights to exclusively license the technologies in the region comprising Europe, the Middle East and Africa.
Invista is one of the world’s largest integrated producers of chemical intermediates, polymers and fibers. The company’s advantaged technologies for nylon, spandex and polyester are used to produce clothing, carpet, car parts and countless other everyday products. Headquartered in the United States, INVISTA operates in more than 20 countries and has about 10,000 employees.
MRC