Export company, lawsuit ‘Fuel charge collusion’ against airline companies expected
[ Kim Yang Hyuk mj@ ] | 2017-10-30 10:46:20
[Digital Times, Kim Yang-hyuk] It is a sign that lawsuits against airline companies that have damaged the export industry through fixing fuel surcharges four years ago are expected to start full swing. LG Group affiliates have recently accelerated their lawsuits for calculating detailed damages, and other exporters are expected to file damages lawsuits one after another.
According to industry and Seoul Central District Court on October 29, LG Group affiliates were selected for the first time in four years to assess the amount of damages brought against 12 Korean and foreign airlines, including Korean Air and Asiana Airlines, for damages claims. The court, on October 5, sent a copy of the decision to appoint an appraiser to the appraiser.
LG Electronics, Chemicals, Display, and Life Sciences, in November 2013, filed lawsuits against airline carriers that adjusted freight rates by introducing and adjusting fuel surcharges. LG affiliates insisted that the export competitiveness of their products has fallen due to higher freight rates due to airlines` freight charges. Previously, the Fair Trade Commission imposed a penalty of KRW 120 billion on the assumption that domestic and foreign airlines built a freight charge in 1999 or 2007 for nine years after introducing or changing the fuel surcharge.
It seems that the lawsuit, which has been sluggish in the meantime, as the appraisers of the damages were selected, will be speeded up. It is clear that the defendants have taken 12 cases, four years after the filing of the lawsuit, including 12 foreign airline companies, because of civil lawsuits. A LG affiliate official said, "The collusion lawsuit often goes on in the long run," he said.
It is also possible that the amount of litigation will skyrocket. The amount of the lawsuit filed by LG Group affiliates for the first time was KRW 444 million. The lawyers and industry, apart from the amount of the lawsuit, predicted that reporters would surge if the appraiser calculates the damage amount during the airline fuel surcharge fixing period.
It is also likely that other exporters will file lawsuits against airlines in a row. An industry expert said, "We cannot prejudge the outcome of the trial, but a similar lawsuit may follow.”
By Kim Yang Hyuk mj@
[ copyright ⓒ The Digitaltimes ]
According to industry and Seoul Central District Court on October 29, LG Group affiliates were selected for the first time in four years to assess the amount of damages brought against 12 Korean and foreign airlines, including Korean Air and Asiana Airlines, for damages claims. The court, on October 5, sent a copy of the decision to appoint an appraiser to the appraiser.
LG Electronics, Chemicals, Display, and Life Sciences, in November 2013, filed lawsuits against airline carriers that adjusted freight rates by introducing and adjusting fuel surcharges. LG affiliates insisted that the export competitiveness of their products has fallen due to higher freight rates due to airlines` freight charges. Previously, the Fair Trade Commission imposed a penalty of KRW 120 billion on the assumption that domestic and foreign airlines built a freight charge in 1999 or 2007 for nine years after introducing or changing the fuel surcharge.
It seems that the lawsuit, which has been sluggish in the meantime, as the appraisers of the damages were selected, will be speeded up. It is clear that the defendants have taken 12 cases, four years after the filing of the lawsuit, including 12 foreign airline companies, because of civil lawsuits. A LG affiliate official said, "The collusion lawsuit often goes on in the long run," he said.
It is also possible that the amount of litigation will skyrocket. The amount of the lawsuit filed by LG Group affiliates for the first time was KRW 444 million. The lawyers and industry, apart from the amount of the lawsuit, predicted that reporters would surge if the appraiser calculates the damage amount during the airline fuel surcharge fixing period.
It is also likely that other exporters will file lawsuits against airlines in a row. An industry expert said, "We cannot prejudge the outcome of the trial, but a similar lawsuit may follow.”
By Kim Yang Hyuk mj@