Waiting Game

Feb 21, 2014 (LBO) – Sri Lanka’s Ceylon Tobacco Company, a unit of British American Tobacco said it will sell packs without graphic labels until a court decision in May, despite parliament passing health ministry regulations this week. CTC said the court of appeal is expected to issue its judgment on May 12, and the Supreme Court had already stayed the regulations.

“We confirm that the interim order issued by the Supreme Court will remain in force and approval of the Regulations by Parliament will not prevent the Court of Appeal from determining the validity of the Regulations,” the company said in a statement.

“Hence, CTC is not required to comply with the said Regulations at this stage until a decision is made by Court.

“CTC will continue to produce and supply cigarettes to the market as usual without any changes to its current packs.”

CTC closed down 12.20 rupees at 1,157 rupees Friday.