Colombia on Friday ordered Uber to cease its ride-hailing operations in the Andean country, effective immediately, after a judge ruled the company violated competition rules.[BOGOTA] Colombia on Friday ordered Uber to cease its ride-hailing operations in the Andean country, effective immediately, after a judge ruled the company violated competition rules.
Following a lawsuit filed against Uber by COTECH SA, the Superintendency of Industry and Commerce said the U.S. company had breached market rules.The app, however, has existed in a regulatory no-man's land in Colombia. The Technology Ministry deems ride-hailing apps legal while transport authorities say they are against the law.In a statement, the SIC said Uber generated"a significant advantage in the market" by rendering transport services for individuals via its application.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »