FONT-SIZE Plus   Neg

Chilean Supreme Court Rejects LAN's Appeal Of 3 Of 14 Mitigation Measures

Lan Airlines S.A. (LFL) announced that the Chilean Supreme Court confirmed the approval granted on September 21, 2011, by the Chilean Antitrust Authority Tribunal de Defensa de la Libre Competencia to the merger transaction between LAN and TAM, including the mitigation measures imposed on this transaction.

The Supreme Court also rejected LAN's appeal of three of the 14 mitigation measures, which the Company considered to be illegal and unconstitutional.

LAN said that the company and TAM will continue to move forward with the merger within the established timeframes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016. The U.S. Food and Drug Administration has alerted health care professionals and patients of a voluntary recall of compounded multivitamin capsules containing high amounts of Vitamin D3 (Cholecalciferol), distributed nationwide by Glades Drugs in Pahokee, Florida. FDA has received reports of several...
comments powered by Disqus
Follow RTT