July - 2017

No tags yet.

China's commerce ministry announces the conclusion of 156 antitrust cases during the first half

In a statement to the China Daily, the Chinese Ministry of Commerce reported that they have concluded 156 antitrust cases during the first half of this year. The statement indicated that 43% of these cases were about oversees M&As (67 cases) with 18% increase from last year. M&A cases between Chinese companies and overseas firms totaled accounted for 29% of the total (45 cases), up 15 % from last year. They also reported that the MOC has been actively cooperating with interna

The city of Madrid asked Spain's competition authority (CNMC) to investigate Uber's new air

The Washington Post reported that the City of Madrid requested the La Comisión Nacional de los Mercados y la Competencia (CNMC) to look into Uber's pricing practices. In particular to investigate whether the new airport transport service provided by Uber violates Spanish fair competition laws on the basis that they are below the cost of providing the service. #EU #Spain #Uber #Disruptivetechnology #Pricingbelowcost

The Philippine Competition Commission (PCC), a new competition watchdog is up & running

"The way to smooth merger reviews is paved with transparency and accountability. We must adhere to the law to avoid hefty fines and geared towards a culture of compliance,” the PCC Chairman Arsenio Balisacan was reported in the Manila Times giving this statement at the 16th Session of the Intergovernmental Group of Experts (IGE) on Competition Law and Policy, a gathering of all competition authorities from around the world with the United Nations Conference on Trade and Devel

China is set to amend its merger control regime. What will change?

It has been reported by the Competition and Antitrust team at the law firm of Denton in China that the Ministry of Commerce of the People's Republic of China (MOFCOM) is contemplating a change to the merger rules. The firm which has been provided with a "near-final draft of the new law" reported some changes which are expected to be enacted late this year or early next year. They report the following changes: - Providing a more comprehensive "Measures for Review of Concentra

News Outlets to Seek Antitrust Exemptions to Enter into Collective Bargaining vis-a-vis Google and F

The New York Times reported that a group of news organizations will begin an effort to win the right to negotiate collectively with the big online platforms as well as a limited antitrust exemption from Congress in order to do so. #US #Exemption #Disruptivetechnology #Americas #NorthAmerica

Indian Pharmaceutical Company, Sun Pharma, enters settlement in antitrust litigation in US

“Sun Pharmaceutical Industries Ltd, and one of its wholly-owned subsidiaries have entered into settlements with certain plaintiffs in re Modafinil Antitrust Litigation matter currently pending in the United states District Court for the Eastern District of Pennsylvania” as reported by the Economic Times. #India #SunPharma #Pharmaceutical #Settelment #Asia

Supreme Court cuts Competition Commission's penal powers

The Supreme Court has upheld an order by the Competition Appellate Tribunal (Compat) that penalties imposed by the Competition Commission of India (CCI) on companies should be only on the turnover relevant to a case in dispute, not their overall turnover. The apex court's decision came on Monday on an appeal by CCI against Compat reducing the penalty it had imposed on Excel Crop, United Phosphorus and Sandhya Organic Chemicals, for an anti-competitive agreement between them t

Mergers: Commission alleges Merck and Sigma-Aldrich, General Electric, and Canon breached EU merger

GE Faces Probe for Misleading EU Over $1.7 Billion Deal The Commission has sent three separate Statements of Objections to Merck and Sigma-Aldrich, General Electric an d Canon alleging they breached EU merger rules: General Electric, and Merck and Sigma-Aldrich by providing incorrect or misleading information; Canon by implementing a merger before notification and clearance. The current investigations are limited to the assessment of breaches of the EU merger procedural rules

South Africa Competition Commission approves Dow, Dupont merger with conditions

The South African Competition Commission has recommended to the South African Competition Tribunal that the proposed large merger whereby DowDuPont Inc. intends to acquire Dow Chemical Company and E.I. du Pont de Nemours and Company be approved, with conditions to address competition concerns the merger raises. #SouthAfrica #Merger #Agriculture #SACT #SACC #Dow #Dupont #SouthernAfrica

CADE blocks proposed Kroton-Estácio merger

The Tribunal considered that the remedies presented do not settle the competition concerns; the majority of the Council adopted the decision. On the judgement session of 28 June 2017, the Tribunal of the Administrative Council for Economic Defense – CADE blocked, by majority, the merger regarding the acquisition of Estácio Participações S/A by Kroton Educacional S/A (Merger 08700.006185/2016-56). The transaction would result in the merger of the two Brazilian biggest private

Competition Commission of Mauritius lunches an Amnesty Programme for resale price maintenance (RPM)

The Competition Commission of Mauritius (CCM) is offering a unique opportunity for enterprises who have engaged in Resale Price Maintenance (RPM) to benefit from immunity from fines through an RPM Amnesty programme. RPM is illegal under the Competition Act 2007 and sanctionable by fines of up to 10% of the turnover of the enterprise for a period of up to 5 years. For a limited period of four month, from 5th June 2017 to 5th October 2017, the CCM is offering enterprises who ha

Search By Tags

Archive

©2017 - 2020 by Competition Policy Monitor