Symphony Environmental Technologies Plc (LON:SYM), global specialists in supplying and developing specialised plastic products and technologies that make plastic “smarter, safer and more sustainable”, has announced the following update on its legal action against the Commission, Parliament, and Council of the European Union in relation to their decision to adopt Article 5 of the Single Use Plastics Directive 2019/904.
As set out in Symphony’s announcement on 21 December 2020, Symphony’s legal action is a compensation claim for damage to its business caused by the failure of the EU Institutions to make it clear that their intended ban of “oxo-degradable plastic” does not apply to “oxo-biodegradable plastic.” Symphony also considers that the ban is in any event illegal due to a failure to accord due process, and because it is disproportionate and discriminatory.
Symphony has now received the defences from each of the Defendants which are being considered by the Company’s specialist legal team. This will take several weeks, and the Company will make a further announcement, if appropriate, when the detailed evaluation has been completed.
Michael Laurier, CEO of Symphony Environmental Technologies stated: “The Group remains focused on delivering its objective to improve plastic by making it protective against viruses, bacteria, fungi, fire and insects, and reducing its negative impact on the environment by making it biodegradable.
The legal costs and demands on management time pertaining to the legal action are not expected to be significant during this year. The preparation and service of the proceedings was accounted for in 2020.”
