Uber to take exit ramp in Colombia after 'arbitrary' court ruling

BOGOTA: Uber Technologies Inc will stop operating in Colombia at the end of this month, following a court order late last year which the ride-hailing company on Friday called"arbitrary" and a violation of its right to due process.

The Andean country ordered Uber to cease operations after a judge said it violated competition rules.Uber said it will use all legal avenues to defend the rights of 2 million users and 88,000 drivers in the country. In a statement, Uber also blamed a lack of regulation for ride-hailing apps in Colombia for its exit.

"Uber was the first company to offer the country an innovative and trustworthy mobility alternative. Today, six years later, Colombia is the first country on the continent to close its doors to the technology," the company said. Entrepreneurs have said Colombia's regulations are out-dated and may threaten its status as the region's second-most popular destination for entrepreneurial investment after much larger Brazil.Uber sent a letter this week to the government's legal agency to say it was considering suing under the terms of Colombia's free trade agreement with the United States, a source from the agency said.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber to exit Colombia on Jan. 31 after court rulingUber Technologies Inc will stop operating in Colombia from the end of this month, following a court order late last year, the ride-hailing ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Uber stops upfront ride pricing in response to California worker lawUber Technologies Inc on Wednesday informed its California customers that it would switch to providing estimates as opposed to fixed prices for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Waymo secures bigger award against workers who went to rival UberAlphabet Inc's Waymo said on Thursday that arbitrators had finalized a judgment of US$128 million, plus undisclosed legal costs and interest, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Uber to exit Colombia on Jan. 31 after court rulingUber Technologies Inc will stop operating in Colombia from the end of this month, following a court order late last year, the ride-hailing ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

India top court rules Modi government's 'limitless' Internet shutdown in Kashmir illegalNEW DELHI (BLOOMBERG) - India's top court ruled that the 'continued, limitless' Internet shutdown enforced by the government of Prime Minister Narendra Modi in Kashmir for last five months is 'illegal'.. Read more at straitstimes.com. False headline.
Source: The Straits Times - 🏆 8. / 63 Read more »

Italian court turns down Vivendi's request to suspend freeze on Mediaset stakeAn Italian court has thrown out a request by Vivendi to suspend a ruling forcing it to freeze two-thirds of its stake in Italian broadcaster ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »