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KSB Successful for Asiana in Unfair Competition Challenge to Student Agency

KSB Successful for Asiana in Unfair Competition Challenge to Student Agency

Czech Republic
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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.

Kocian Solc Balastik at a Glance

Kocian Solc Balastik (KSB) is one of the few Czech law firms who have been on the market for over 30 years and is still independent. With a team of almost seventy legal and tax specialists operating in Prague, Karlovy Vary and Ostrava, KSB is one of the largest law firms in the Czech Republic.

Thanks to the ratings of clients and our competitors, we are a highly respected and acknowledged law firm, as evidenced by a number of prestigious awards, especially the four-time Chambers Europe Award for Excellence for the best law firm in the Czech Republic, often we have been the only purely Czech law firm among the nominees.

Our priority is to provide added value to clients. Therefore, we know the specifics of their business and adapt the proposed solutions to the client’s context, with great emphasis on professional ethics and building long-term relationships based on mutual trust and respect.

Firm website.

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