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Notice of Appeal by Uber Singapore Technology Pte Ltd, Lion City Holdings Pte Ltd, Lion City Rentals Pte Ltd, LCRF Pte Ltd and Lion City Automobiles Pte Ltd on CCCS Infringement Decision in relation to the sale of Uber's Southeast Asian business to Grab in consideration of a 27.5% stake in Grab

 
Appeal Number: 1/2018
Appellants: Uber Singapore Technology Pte Ltd, Lion City Holdings Pte Ltd, Lion City Rentals Pte Ltd, LCRF Pte Ltd and Lion City Automobiles Pte Ltd
Date Received: Notice of Appeal received on 20 October 2018
Summary of CCCS Decision that Appeal Relates:
 
The Competition and Consumer Commission of Singapore ("CCCS") has issued an Infringement Decision ("ID") against Grab and Uber in relation to the sale of Uber's Southeast Asian business to Grab for a 27.5% stake in Grab in return (the "Transaction"). The Transaction was completed on 26 March 2018. CCCS found that the Transaction has led to a substantial lessening of competition in the provision of ride-hailing platform services in Singapore.
 
Relief Sought by Appellants:
Liability and financial penalty 

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