moot court case

facts favored R（Mekar）

interim measure: fare caps

1245 The CCM report found a breach of Mekar’s antitrust legislation in the form of predatory pricing resulting from low airfares and loyalty programmes. The report also noted that the subsidies received by Vemma under the Horizon 2020 scheme helped Caeli drastically reduce its airfare below its average avoidable costs. 

1335 CCM lIfted fare caps

facts favored A（Vemma）

private firm

Bonooru

2016.12 CCM first investigation

1235 a hearing on interim measures was scheduled only in April 2019 due to a high volume of cases stemming from the economic crisis.

Bonooru's national carrier and monopoly civil airline920 \"Our government plans to maintain a significant interest in Bonooru Air and always will.\"

2011.03.29 Share purchase agreement

X

1150 \

2019.01 CCM fine & fare cap

oil price2014.06 crashed to a five-year low2015 continuing decline

BA Holdings

Mekar

1375 accepted a bribe by Mekar Airservices

2016 CCM first investigation

1994 Bonooru Mekar BIT

Bonooru Air's

背景：2009 revised Mekars Monopoly and span style=\"font-size: inherit;\

2020.10 Vemma sold its shares to Mekar Services at USD 400 million

1035 select members of Mekar's Committee on Reform of Public Utilities noted that Vemma's proposal relied on an overly optimistic forecast which did not account for serious volatility of fuel prices and potential take-over of the long-distance routes by competitors. 

2011 Ceali Privatisation

2019.11 Vemma intends to sell its Ceali Shares

flag carrier of Bonooru Moon Alliance

2017.11 Labor's Party of Mekar back

Vemma Holdings

1984.12 Vemma Holdings Privatisation

2018.03.27 Caeli’s claim against the CCM was registered

100%

15%

right to hold Vemma recognized  in Articles of Asso

Y

950 final desision in mekari courts rose from 9 months in 1980 to 22 months in 2015、even higher for commercial matters

2020.08.01 Arbitrazh Court of Sinnograd set aside the award

2018.08 CCM penalty

Other Shareholers

splite into three airlines

2020.08.23 Mekar high commercial court enforced the award

31%-38%until May 2020

2020.05.09 Sole arbitrator Mr. Cavannaugh rendered award in fovor of Mekar

Mekar Airservices

2019.06 rejected and no appeal under Mekar law

Royal Narnian 

concluded 2nd investigationfare cap shall remain until market share drop below 40%

1165“the CCM has never indicated any anti-competitive concerns arising from low or mid-level cooperation among Moon Alliance members.

Breakdown

2019 third quarter market share blow 40%

focus on predatory pricing

1000 vision \"to see the CCM function as an autonomous body independent of government influence”

2012-2015 

2019.12 Mekar Services rejectd offer

concluded 1st investigation

85%

Background

Hawthorne Gour

43% Market share in Mekar

2014 Boroonu Mekar CEPTA

Mekar: offer artificially inflated and not an arm's lenngth commcerial price

2003 Common Man's Party on board

late 2016 MON nosedived

Honeymoon

2021.03  Bonooru increased its holding of Vemma to 55%

1135 Vemma's representatives preferred fleet expansion and slashed airfares.

1340 judge \"failing to set aside would contravene the objective of combating bribery.\"

focus on price undercutting

Caeli

2020.02 Mekar Services filed for Abitration

Litigation or Arbitration 

state-owned

1340 Sinnoh based equity firm