Judgment still pending in Vinasun vs Grab

31-Oct-2018 Intellasia | The Saigon Times | 6:00 AM Print This Post

The HCM City People’s Court today, October 29, postponed the pronouncement of its verdict in the lawsuit brought by traditional taxi firm Vinasun against ride-hailing firm Grab, demanding noncontractual compensation, to November 22, instead of today, as earlier scheduled, Nguoi Lao Dong newspaper reported.

The court once again suspended judgment in the lawsuit to spend more time on reassessing Vinasun’s losses.

In court, a Vinasun representative testified that nearly 2,800 of its cars had been sitting idle from 2016 to June last year.

It stated that Grab was the sole cause of its losses as the ride-hailing firm accounts for 71 percent of the local market.

In addition, since 2014, Grab has launched a series of promotional programmes for customers and issues points to drivers to promote its transport service. The ride-hailing firm’s activities therefore constitute a transport service, rather than a technology service, the Vinasun representative claimed.

The traditional taxi operator also mentioned the decline in its market capitalisation as many investors have lost confidence in the firm.

Meanwhile, Grab asked for a reevaluation of Vinasun’s losses as Cuu Long’s assumption that Grab was the sole cause of Vinasun’s losses of VND41.2 billion was unreasonable.

Grab’s lawyer said the court had earlier assigned Cuu Long Valuation and Inspection Company to determine the losses suffered by Vinasun, but Cuu Long had hired another company to perform the task, making Cuu Long’s statistics and calculation methods unreliable.

The HCM City People’s Court has delayed the hearing of the case between Vinasun and Grab three times, on February 7, March 7 and September 24.

https://english.thesaigontimes.vn/63756/judgment-still-pending-in-vinasun-vs-grab.html

 


Category: Business, Vietnam

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