Philip Morris Challenges Australia On Plain Package Law

Law360, New York (November 21, 2011, 12:05 PM EST) -- A Philip Morris International Inc. unit launched an arbitration case Monday against the Australian government over a landmark law requiring cigarettes to be sold in plain packages, claiming it will lose billions of dollars if it can't put its trademarks on its products.

Philip Morris Asia Ltd., which is based in Hong Kong and owns the company's Australian unit, served Australia with a notice of arbitration under the country's bilateral investment treaty with Hong Kong immediately after the statute was passed, the company said Monday after...
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