GTT: Korea Fair Trade Commission (KFTC) investigation – Appeal procedure update
May 18 2021 - 1:30AM
GTT: Korea Fair Trade Commission (KFTC) investigation – Appeal
procedure update
Korea Fair Trade Commission (KFTC)
investigation – Appeal procedure update
Another favourable decision for
GTT
Saint-Rémy-lès-Chevreuse, May 18, 2021
– The favourable decision of the Seoul High Court
suspending the KFTC decision dated November 25, 2020 was confirmed
on May 14, 2021 by the Supreme Court of Korea, which rejected the
appeal from the KFTC.
As a result, GTT may maintain its current
business practices without any change until a decision on the
merits is made by the Seoul High Court. Accordingly, the Company
does not anticipate any significant financial or industrial impact
resulting from the KFTC’s decision. Depending on the conclusions of
the court appeal procedure, the Company will reassess the
consequences on its activities.
Key dates
- November 25, 2020: KFTC decision ordering GTT to allow the
Korean shipyards upon their request, to perform all or part of the
technical assistance services currently included in the technology
license
- December 31, 2020: GTT’s appeal before the Seoul High
Court
- January 6, 2021: Seoul High Court decision to suspend the
effect of the KFTC decision
- January 14, 2021: KFTC’s appeal before the Supreme Court of
Korea
- May 14, 2021: decision of the Supreme Court of Korea to reject
the appeal from the KFTC
Investor Relations Contact
information-financiere@gtt.fr / +33 1 30 23 20
87
Press Contact
press@gtt.fr / + 33 1 30 23 80 80
For further information, please consult
www.gtt.fr/en
About GTT
GTT is the technological expert in membrane
containment systems dedicated to the transport and storage of
liquefied gases. For over 50 years, GTT has been designing and
marketing advanced technologies for improved energy performance.
GTT technologies combine operational efficiency and safety to equip
LNG carriers, floating terminals, onshore storage tanks and
multi-gas carriers. The Group also offers systems for the use of
LNG as fuel, as well as a wide range of services, including digital
solutions in the field of Smart Shipping. GTT also operates in the
hydrogen sector through its subsidiary Elogen, which designs and
assembles electrolysers for the production of green hydrogen.
GTT is listed on Euronext Paris, Compartment A
(ISIN FR0011726835, Euronext Paris: GTT) and is notably included in
the SBF 120 and MSCI Small Cap indexes.
- IR-PR GTT KFTC 18 05 2021
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