A Pack of taxi drives on a street in Hanoi, Vietnam 29 October 2018. REUTERS/Kham
HANOI (Reuters) – A Vietnamese court on Friday ordered the ride-hailing firm Grasp to pay 4.8 billion dong ($206,985) as compensation to a local taxi operator, the end of an 18-month-long legal battle between the two companies, a Suit spokesman and state media said.
The case is a rare example of a taxi company sues a ride-coming rival about the profit losses. Vietnam Sun Corp, better known as the Vinasun, was awarded more than 11 percent of the 41.2 billion dong compensation, it was about what he said to Suit the unfair commercial practices.
A Pah spokesperson confirmed to Reuters that the company had been ordered by the court to pay the damages, but declined to give more details.
Vinasun did not respond to requests for comment.
The judgment found to Intervene violated Vietnamese regulations, because it works as a taxi-company, and not just as a technology company, the Tuoi Tre newspaper.
The presiding judge on the case also said there was a link between the activities of Pak and Vinasun losses in revenue, but said that the Suit was not the only factor behind the decline, the report said.
Griffin said in a statement earlier this week that the Vinasun needed to “evolve and transform” and not “reducing the contestability of the market and the pursuit of a lawsuit aimed at discouraging the entry of innovative companies”.
“It is unconscionable for this case to drag on for an indefinite period of time just to let Vinasun to build if there wasn’t a” Pak said in the statement.
Reporting by Khanh Vu; Editing by James Pearson and Christopher Cushing