GTT's appeal to the
On
Therefore, shipyards cannot request GTT to separate the technology license and the technical assistance until a decision is made by the
The Company will keep the market informed of any significant development on the matter.
Key dates
December 2, 2020 : KFTC’s 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 and to pay an administrative fine of €9.5 millionDecember 31, 2020 : GTT’s appeal before theSeoul High Court and application to suspend the effect of the KFTC decisionJanuary 6, 2021 :Seoul High Court decision to suspend the effect of the KFTC decisionJanuary 14, 2021 : KFTC’s appeal of the suspension of effect decision before theSupreme Court of Korea May 14, 2021 : decision of theSupreme Court of Korea to reject the appeal from the KFTCDecember 1, 2022 : decision on the merits of theSeoul High Court .December 22, 2022 : appeal of theSeoul High Court's decision before theSupreme Court of Korea .January 17, 2023 : decision of theSupreme Court of Korea to suspend the execution of the decision of theSeoul High Court .
About GTT
GTT is a technological expert in containment systems with cryogenic membranes used to transport and store liquefied gases. For over 50 years, GTT has been designing and providing cutting-edge technologies for a better energy performance, which combine operational efficiency and safety, to equip LNG carriers, floating terminals, land storage, and multi-gas carriers. GTT also develops systems dedicated to the use of LNG as fuel, as well as a full range of services, including digital services in the field of
GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in SBF 120, Stoxx Europe 600 and MSCI Small Cap indices.
For more information, visit www.gtt.fr.
Investor Relations contact:
information-financiere@gtt.fr / + 33 (0)1 30 23 20 87
Media contact:
press@gtt.fr / +33 (0)1 30 23 48 45
Attachment
Korea Fair Trade Commission (KFTC) – Suspension of theSeoul High Court decision
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