Appeals court to hear Samsung complaint over pay system ban Dec 6 - Telecommunications - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Appeals court to hear Samsung complaint over pay system ban Dec 6

MOSCOW, Nov 15 (PRIME) -- The Ninth Arbitration Court of Appeal will hear complaints of South KoreaТs Samsung Electronics and its Russian unit against a lower court decision banning them from selling 61 models of Samsung smartphones with payment service Samsung Pay in Russia on December 6, according to the higher courtТs decision released on Monday.

The Moscow Arbitration Court earlier imposed the ban under a lawsuit by Swiss company Sqwin SA that sought to forbid the use of Samsung Pay in Russia as it violates its rights to invention Electronic Payments System protected by a Russian patent.

The court forbade defendants Samsung Electronics Rus Company and Samsung Electronics from using the products with Samsung Pay, including its imports in Russia, offer to sale and other commercialization.

An additional decision as of October 19 contains a list of 61 smartphones from the 2017 Galaxy J5 to the new Galaxy Z Flip and Samsung Galaxy Fold.

Samsung Pay was launched in 2015 and appeared in Russia a year later. It is the countryТs third most popular contactless payment system exploited by 17% of the population after Google Pay with 32% and Apple Pay with 30%.

Experts said that Google Pay and Apple Pay could also become subjects to lawsuits as they match the description of Sqwin SAТs patent.


15.11.2021 11:12
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 83.1138 -0.1268 07 dec
USD 73.6694 -0.0732 07 dec
Stock Market Indices
1D 1W 1M 1Y
micex 3824.04 +0.37 10:57 07 dec
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 338.03 -0.27 10:39 07 dec
lkoh 6710.00 +0.90 10:39 07 dec
rosn 575.45 -0.02 10:39 07 dec
sber 306.42 -0.35 10:39 07 dec
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 83.6550 +0.3200 10:38 07 dec
USDTD 74.0425 +0.1700 10:38 07 dec