Russian Court Suspends Rights of Dutch Tobacco Distributor Megapolis

Aug.09.2024
Russian Court Suspends Rights of Dutch Tobacco Distributor Megapolis
Russian court suspends Dutch tobacco distributor's rights in major economic organization, following lawsuit by Ministry of Industry and Trade.

According to a report from TASS on August 8, the Moscow Arbitration Court has temporarily suspended the rights of the Dutch tobacco distributor Besloten Vennootschap Megapolis Distribution B.V. in the company "Megapolis Trading Company" following a lawsuit from the Ministry of Industry and Trade (Минпромторг).


According to court documents, the court fully supported the Ministry of Industry and Trade's lawsuit.


The department filed a lawsuit against the Dutch tobacco distributor Megapolis Distribution B.V. on July 18, 2024, and the court accepted the case on the same day.


It is reported that Megapolis Distribution B.V. is the parent company of Megapolis distributors, which supplies tobacco products from JTI, PMI, and other tobacco giants to the Russian market.


We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Observation | As China’s Nicotine Pouch Supply Chain Cools, Market Focus Accelerates Abroad
Observation | As China’s Nicotine Pouch Supply Chain Cools, Market Focus Accelerates Abroad
China’s nicotine pouch sector saw a sharp decline in exhibitors and traffic. Insiders cite tighter regulation and rising overseas competition, with many firms turning to Europe, the U.S., and the Middle East, and some building factories in Indonesia for growth.
Aug.28 by 2FIRSTS.ai
Imperial Responds to 2Firsts: Disappointed by FDA Denial of blu Product
Imperial Responds to 2Firsts: Disappointed by FDA Denial of blu Product
2Firsts interviewed Imperial Brands on FDA’s blu denial. ITG Brands responded with disappointment, vowing to pursue a fair, science-based review.
Aug.22
Operation Shutdown in South Australia closes 71 illegal tobacco and e-cigarette stores, confiscates over $4.2 million worth of products
Operation Shutdown in South Australia closes 71 illegal tobacco and e-cigarette stores, confiscates over $4.2 million worth of products
South Australia cracked down on illegal tobacco and e-cigarette sales, closed 71 illegal stores, and seized A$4.2 million (about US$2.77 million) worth of products.
Sep.30 by 2FIRSTS.ai
Altria Raises Dividend to $1.06; Annual Payout Ratio Rises to 78%
Altria Raises Dividend to $1.06; Annual Payout Ratio Rises to 78%
U.S. tobacco giant Altria Group, Inc. (NYSE: MO) announced a 3.9% increase to its quarterly dividend, lifting the payout to $1.06 per share and bringing the annualized dividend to $4.24. Investment bank Stifel on August 21 maintained its “Buy” rating and raised its price target from $65 to $72. Backed by strong free cash flow, Altria expects to maintain mid-single-digit dividend growth going forward.
Aug.29 by 2FIRSTS.ai
Thailand's Department of Health Support Services survey shows e-cigarette use is trending towards younger age, with the average age of new users being just 13
Thailand's Department of Health Support Services survey shows e-cigarette use is trending towards younger age, with the average age of new users being just 13
Thailand DHSS survey shows alarming trend of e-cigarette use among children and teens, with youngest user aged 6.
Sep.05 by 2FIRSTS.ai
Comparing the UK's Approved E-cigarette Lists (June-August): E-liquids and pods remain the mainstays, while open-system devices saw an accelerated release of new products in August
Comparing the UK's Approved E-cigarette Lists (June-August): E-liquids and pods remain the mainstays, while open-system devices saw an accelerated release of new products in August
Based on the latest data from the MHRA, e-cigarette registrations in the UK showed a "peak in July, drop in August" trend. E-liquids and pods consistently made up about 90% of the total. While pre-filled pod systems were the most common, open-system device registrations notably increased in August.
Sep.04 by 2FIRSTS.ai