OneLife Network resumes operations on the Italian market

  • clock 07 март 17:30
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EN / ONE COIN OneLife Network resumes operations on the Italian market

The OneLife Network company has recently announced via an official press release that it reopens the market in Italy for operational activities. In the announcement, the company refers to a decision of the Italian Administrative Supreme Court (Consiglio di Stato), officially published on February 19, 2018, regarding an investigation of OneLife’s activity, initiated last year by the Italian authorities.

The Italian Administrative Supreme Court has decided that the results of the investigation of OneLife Network Ltd.’s activity, initiated by the Italian Antitrust Authority are not clear and don’t prove that the commercial practice of OneLife Network is unfair. Therefore the measures taken are suspended and conclusions must be reviewed. 

With regards to the above, the Italian Antitrust Authority’s decision was suspended as a precautionary measure, which means that the commercial activity of the OneLife Network Ltd. on the Italian market can now be resumed. The decision of the Court is available on the official webpage of the Consiglio di Stato.  

“We are really pleased to see the decision of the court. The OneLife Network has many friends and supporters in Italy who will be very happy to hear the good news”, a company representative has shared. 

Back in 2016, the Italian financial regulator (CONSOB) and the Italian Antitrust Authority have initiated an investigation of OneLife’s activity, but no irregularities, related to the activity of OneLife Network, were found.

In terms of market regulations and consumer protection regulations, however, the investigation of the Italian Antitrust authority continued. In 2017 the Antitrust Authority has announced its decision and a fine for unfair commercial practices was imposed on OneLife Network. The companies involved - OneLife Network and One Network Services Ltd., have taken the necessary legal steps to protect their legitimate business interests. “We have nothing to worry about and, therefore, we are sure that the results of the investigation will prove the legality of OneLife’s activities”, the company adds.