Kuehne & Nagel Loses Bid To Toss NZ Cartel Claims

Law360, New York (June 1, 2012, 5:55 PM EDT) -- A New Zealand appeals court ruled Thursday that the country's competition regulator could pursue its price-fixing allegations against Switzerland-based shipping logistics company Kuehne & Nagel International AG, confirming global companies can be held liable for the actions of their local units.

Kuehne & Nagel had argued that the New Zealand court lacked jurisdiction to hear the Commerce Commission's antitrust case because it was a foreign holding company that didn't provide the freight-forwarding services at issue. But the Court of Appeal tossed Kuehne & Nagel's challenge, ruling...
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