Pacific / French Polynesia

French Polynesian wholesaler's fine suspended

16:59 pm on 18 October 2019

One of French Polynesia's main wholesale companies has succeeded in getting a huge fine suspended.

Photo: ikiryo/123RF

In August, the newly formed competition watchdog - in its first ever ruling - had fined the Wane group $US2.3 million for abusing its dominant market position.

The ruling has however been overturned by the Appeal Court in Paris.

The court found a lack of impartiality by the agency's head as he had commented on the case as investigations were being conducted.

Although the fine has been suspended, the court is yet to rule on the substance of the alleged abuse ruling.

The French Polynesian agency had found that the Wane group had been billing retailers excessively and without justification for cold storage of beverages.