The German taxi federation BZP welcomed the ruling, insisting that the legal permits required under German law "are not an end in themselves, but safeguard quality and customer protection. "We're not frightened by new market players.
A German court has slapped an injunction on the popular car pick-up service Uber, stopping it from operating across Germany, because it lacks the necessary legal permits.
The San Francisco-based firm allows passengers to summon cars using an app on their smartphones and the service is often significantly cheaper than that of rival taxi companies, which lodged a complaint at the Frankfurt court.
Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.
Read more here: Business Spectator