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GTT: Seoul High Court Partially Granted Appeal Against Korea Fair Trade Commission's Corrective Order

GTT

Gaztransport et Technigaz SA GTT:

  • BY A DECISION DATED DECEMBER 1, 2022, SEOUL HIGH COURT PARTIALLY GRANTED GTT'S APPEAL AGAINST KOREA FAIR TRADE COMMISSION'S CORRECTIVE ORDER BY REVOKING EUR 9.5 MILLION ADMINISTRATIVE FINE PAID BY GTT EARLY 2021

  • SEOUL HIGH COURT CONFIRMED COMPANY'S OBLIGATION TO SEPARATE TECHNOLOGY LICENSE AGREEMENT FROM TECHNICAL ASSISTANCE IF REQUESTED BY KOREAN SHIPYARDS

  • IS CURRENTLY REVIEWING DETAILS OF DECISION IN ORDER TO DEFINE THE MOST APPROPRIATE AVAILABLE ACTIONS TO BEST PRESERVE ITS RIGHTS

  • COMPANY WILL KEEP MARKET INFORMED OF ANY SIGNIFICANT DEVELOPMENT ON MATTER

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