Law360, London (November 24, 2020, 8:09 PM GMT) -- Travel tech giant Sabre Corp. urged a U.K. tribunal Tuesday to quash a decision by the country's competition watchdog blocking its proposed $360 million takeover of rival Farelogix, saying the antitrust agency didn't establish it has the jurisdiction to exercise such control over the U.S. companies.
A lawyer for Sabre, Tim Ward QC of Monckton Chambers, urged the Competition Appeal Tribunal to overturn an April decision by the U.K. Competition and Markets Authority prohibiting Sabre from acquiring the smaller company based on a concern that it could result in less innovation and new services from Farelogix.
Ward argued that the Florida-based Farelogix...
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