newstodate.aero
October 27, 2014 (newstodate): Lithuania's flag carrier flyLAL folded its wings in bankruptcy on January 17, 2009 and the creditors have since claimed that anti-competitive actions by Latvia's airBaltic and Riga Airport contributed to the demise in an effort to ground a competitor.
The case was brought to the Lithuanian courts that ruled that assets of airBaltic and Riga Airport could be seized to cover up for the alleged losses if verified.
This met with refusal from Latvia's Supreme Court that brought the issue before EU's Court of Justice, not recognizing that a Lithuanian ruling could be enforced in another country.
On October 23, 2014, the EU Court ruled that the decision by the Lithuanian court can be enforced in and must be recognized by Latvia, and the Lithuanian party will now be free to bring their claims before the Latvian court to enforce a seizure of assets if their case wins a positive verdict.
The Lithuanian version is that airBaltic dumped prices to force a competitor out of the market, while Riga Airport offered differential charges to the benefit of the country's national carrier.
The case was brought to the Lithuanian courts that ruled that assets of airBaltic and Riga Airport could be seized to cover up for the alleged losses if verified.
This met with refusal from Latvia's Supreme Court that brought the issue before EU's Court of Justice, not recognizing that a Lithuanian ruling could be enforced in another country.
On October 23, 2014, the EU Court ruled that the decision by the Lithuanian court can be enforced in and must be recognized by Latvia, and the Lithuanian party will now be free to bring their claims before the Latvian court to enforce a seizure of assets if their case wins a positive verdict.
The Lithuanian version is that airBaltic dumped prices to force a competitor out of the market, while Riga Airport offered differential charges to the benefit of the country's national carrier.