01
Thu, Oct
46 New Articles

KSB Successful for Asiana in Unfair Competition Challenge to Student Agency

KSB Successful for Asiana in Unfair Competition Challenge to Student Agency

Czech Republic
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Kocian Solc Balastik has successfully represented Asiana in a dispute with transportation company Student Agency before the Regional Court in Brno.

According to KSB, the Court's judgment, which is yet to become final, "orders Student Agency to pay Asiana CZK 11.7 million, as well as default interest for damages resulting from illegally forcing Asiana out of the bus transport market on the Prague-Brno route in 2007 and 2008."

"Previously," the firm reports, "following a complaint filed by KSB on Asiana’s behalf, the Czech Competition Authority fined Student Agency for having abused its dominant position by setting unreasonably low prices and having forced Asiana out of the market. That fine amounted to CZK 5 million. Asiana then sought damages against Student Agency at the Regional Court in Brno."

According to KSB, "the decision is one of the first of its kind in which Czech courts awarded damages as a result of a company’s unlawful restriction of competition."

KSB’s litigation team was led by Partner Pavel Dejl.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

Our Latest Issue