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The Supreme Court of Canada refused to hear appeal in cartel lawsuit against Air Canada

In March 2017 the European Commission has re-adopted a cartel decision against 11 air cargo carriers and imposed a fine totalling € 776 465 000 for operating a price–fixing cartel. The Commission's original decision was annulled by the General Court on procedural grounds.

The companies fined in 2010 were Air Canada, Air France-KLM, British Airways, Cargolux, Cathay Pacific Airways, Japan Airlines, LAN Chile, Martinair, Qantas, SAS and Singapore Airlines. A 12th cartel member, Lufthansa, and its subsidiary, Swiss International Air Lines, received full immunity from fines.

The decision of the Supreme Court of Canada essentially confirmed that local courts could hear a class-action case that includes foreign claimants that purchased Air Canada's air freight services, rather than limiting it to mainly Canadian companies. This is a positive development for all claimants worldwide who suffered a damage from the illegal 'air cargo cartel'.

If you believe that your business might have been affected, please feel free to contact us on info@litfin.cz

#aircargocartel #litfin

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Litfin Capital a.s. je právnickou osobou zapsanou u České národní banky na seznamu osob oprávněných provádět správu majetku srovnatelnou s obhospodařováním v souladu s § 15 zák. č. 240/2013 Sb., o investičních společnostech a investičních fondech. Česká národní banka nevykonává dohled nad osobami zapsanými na seznamu a činnost těchto osob nepodléhá jejímu dozoru.