Australia Hits Emirates With Air Cargo Cartel Suit

Law360, New York (August 18, 2009, 1:43 PM EDT) -- Emirates has become the latest airline to face a lawsuit by Australia's competition regulator as part of an ongoing investigation into cartel activity in the international air cargo industry.

The Australian Competition and Consumer Commission announced Tuesday it had instituted proceedings against Emirates in the Federal Court in Sydney, alleging the Middle Eastern airline entered into arrangements with other international carriers to fix fuel surcharges and other rates on air cargo.

The arrangements were reached in countries including Indonesia, Hong Kong, the United Arab Emirates and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.