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.