Chile’s Tribunal for the Defense of Free Competition (TDLC) will have the last word in the country’s first damage claims case, marking the first use of the court’s new powers. The court will rule over the conflict between Turbus and Línea Azul, who presented a conciliation agreement for an amount of CLP$ 22.7 billion (USD$37.5 million approximately) against Turbus, Pullman and Transportes Cometa.
The TDLC ruled against four coach companies – Pullman, Cometa, Turbus and Romani – for blocking access to terminals in the cities of La Serena, Valparaíso and Antofagasta between 2009 and 2011. However, Línea Azul only sued the first three.
On Friday, March 23, the TDLC called for a conciliation session, in which an agreement was reached exclusively between Turbus and the plaintiff. The final amount of the settlement was not stated, although is presumed to be less than what was requested before the Court.
Full Content: La Tercera & Economía y Negocios
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CVS Health Explores Potential Breakup Amid Investor Pressure: Report
Oct 3, 2024 by
CPI
DirecTV Acquires Dish TV, Creating 20 Million-Subscriber Powerhouse
Oct 3, 2024 by
CPI
South Korea Fines Kakao Mobility $54.8 Million for Anti-Competitive Practices
Oct 3, 2024 by
CPI
Google Offers Settlement in India’s Antitrust Case Regarding Smart TVs
Oct 3, 2024 by
CPI
Attorney Challenges NCAA’s $2.78 Billion Settlement in Landmark Antitrust Cases
Oct 3, 2024 by
nhoch@pymnts.com
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh