HD Hyundai Construction Equipment's victory in the lawsuit to terminate the exclusive business relationship with the United Arab Emirates - Attorney Kim Hyun-jong | EMERICS expert opinion, Korea In...

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【index】

outline

Progress of the lawsuit

The result of the appeal (third trial) was overturned and remanded

Final victory in the retrial (3rd trial): cassation

Implications and implications of the victory

【outline】

HD Hyundai Construction Equipment recently achieved a significant result in the dispute with its local exclusive dealer in the United Arab Emirates, with a final victory and cancellation of its local dealer registration, and based on this, it will be able to start a new business starting in 2024. The dispute is a lawsuit regarding the termination of the exclusive commercial agent contract between HD Hyundai Construction Equipment and its local exclusive dealer in the UAE. After the preparatory stage from 2017, full-scale litigation began around the end of 2018, and the final judgment was handed down approximately five years later in October 2023.

# UAE local exclusive trading line # Middle East # UAE commercial lawsuit # HD Construction Equipment