GTT: news in the appeal procedure against the order of the Korea Fair Trade Commission











Photo credit © GTT Company/Hyproc


(Boursier.com) — The group GTT informs that by a decision dated December 1, 2022, the Seoul High Court partially granted its appeal against the corrective order of the Korea Fair Trade Commission by canceling the administrative fine of 9.5 million euros paid by GTT in early 2021. In the same decision, the Seoul High Court confirmed GTT’s obligation to separate the technology license agreement from the technical assistance if the Korean shipyards so request.

GTT announces that it is currently studying this decision in detail in order to define the most appropriate actions to be taken to assert its rights and considers that its unique expertise is the key to the safe development of maritime transport of LNG, enabling it to provide increasingly innovative, safe and high-performance technologies, for the benefit of the entire industry.


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