AUGUSTA ACQUISITION B.V AND UBER TECHNOLOGIES INC. vs COMPETITION COMMISSION OF PAKISTAN Ss — 2023 CLD 1461 COMPETITION-APPELLATE-TRIBUNAL

Case information

Citation: 2023 CLD 1461 COMPETITION-APPELLATE-TRIBUNAL
Year: 2023
Reporter: CLD
Parties: AUGUSTA ACQUISITION B.V AND UBER TECHNOLOGIES INC. vs COMPETITION COMMISSION OF PAKISTAN Ss

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

AUGUSTA ACQUISITION B.V AND UBER TECHNOLOGIES INC. VS COMPETITION COMMISSION OF PAKISTAN Ss. 11 & 42---Merger of undertakings---Consenting statement---Withdrawal of proceedings---Appellant company made statement to withdraw proceedings pending before Competition Appellate Tribunal---Effect---In view of such statement of appellant company there was no live issue in appeal---Competition Appellate Tribunal highlighted important issue pointed out by Competition Commission regarding ride sharing market which was a developing section and could also fetch a significant Foreign Direct Investment (FDI) and provide for new employment opportunities---Such increasingly important developing segment of economy had no regulatory legal framework in place and the Commission rightly recommended to propose a modern regulatory law for regulation of section in question to take care of licensing and issuing certificate of roadworthiness of vehicles---Appeal was dismissed accordingly. Head NotesCase Description

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