Benzinga | Nov 26, 2021 12:34PM EST

Brussels Court Orders Ban On Uber Services

The Brussels Appeal Court ordered Uber Technologies Inc (NYSE:UBER) to suspend its ride-hailing service in the Belgian capital, CNBC reports.

* A 2015 ban on private individuals offering taxi services also applies to professional drivers as per the court.

* Uber said the decision goes against the European Commission's digital and green ambitions.

* The Brussels government agreed to reform the region's taxi and private car industry following driver protests.

* The court also penalized Uber (euro)0.30 million ($0.34 million).

* Related Content: Uber Temporarily Suspends Brussels Service Pending Driver Reforms

* Price Action: UBER shares traded lower by 3.87% at $40.45 on the last check Friday.