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Hyundai Heavy Industries' challenge of Daewoo shipbuilding merger veto published by EU court

( May 23, 2022, 09:34 GMT | Official Statement) -- MLex Summary: The summary of an appeal filed by Korean shipbuilder Hyundai Heavy Industries to overturn the European Commission's block of its planned takeover of local rival Daewoo Shipbuilding & Marine Engineering has been formerly released today. In its pleas brought in March, the company argues that the competition authority failed to show how the deal would significantly impede effective competition in the internal market, among other arguments.Summary of the appeal follows. Case reference is T-156/22. ...

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