Good stuff: Tobacco giant Philip Morris bitch-slapping the OZschwitz government

THE Gillard government is accusing tobacco giant Philip Morris of engaging in corporate restructuring as a ''trick'' to find new legal avenues to challenge its cigarette plain packaging laws.

Good stuff: Tobacco giant Philip Morris bitch-slapping the OZschwitz government Art-353-590794243-200x0

Good stuff: Tobacco giant Philip Morris bitch-slapping the OZschwitz government Art-353-590794243-200x0

The government is arguing a challenge by the company under a bilateral trade treaty with Hong Kong should be thrown out because the company's Asian division did not acquire its shareholding in the Australian arm until almost a year after the plain-packaging policy was announced.

Philip Morris Asia, based in Hong Kong, is claiming substantial compensation in its complaint that the laws have an adverse impact on its Australian investment, which was supposed to be protected under the 20-year-old treaty.

Read more: http://www.smh.com.au/national/health/roxon-accuses-tobacco-giant-of-trick-in-packaging-fight-20111221-1p5p9.html#ixzz1hKSqnq4R

Good stuff: Tobacco giant Philip Morris bitch-slapping the OZschwitz government

Good stuff: Tobacco giant Philip Morris bitch-slapping the OZschwitz government

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