Uruguay won an arbitration case against US tobacco giant Philip Morris, which sued the state claiming its strict anti-tobacco law harmed the cigarette maker’s business, both sides said. “The Uruguayan state has emerged victorious and the tobacco company’s claims have been roundly rejected,” Uruguayan President Tabara Vasquez said in a televised address. Philip Morris reacted by saying “we respect” the verdict, which is binding in any case.
View original here:
Uruguay wins case against US tobacco firm