Strategic Consultant
The Competition Commission of India (CCI) called for comments from stakeholders regarding the suggested revisions to the CCI (General) Regulations, 2009, after changes were made recently to the Competition Act. The fair trade regulator lately introduced new norms and updated the existing ones in the Competition Act, 2002, as part of the Competition (Amendment) Act, 2023, reported PTI.
Italian Competition Authority has initiated an investigation against several major players of pharmaceutical sector including Novartis, Genentech, Biogen and Samsung Bioepis. AGCM contended that these companies colluded to eliminate competition for a biosimilar of the drug lucentis. Further, AGCM alleges that these companies came together and delayed the launch of Byooviz in Italy, the Netherlands and the U.K. Such investigation shows commitment of AGCM to protect competition in pharmaceutical sector.
The Federal Trade Commission (FTC), US, has initiated scrutiny over Meta platforms due to the allegation of not disclosing critical information, while acquiring Instagram and Whatsapp. This scrutiny will give FTC another chance to dismantle Meta Inc. from Instagram and WhatsApp.
In an effort to support the construction of a new $5.4 billion microchip plant by STMicroelectronics, in Catania, Sicily, the European Commission has approved a substantial state aid package. The Italian government, consequently, will grant 2 billion euro to French-Italian semiconductor manufacturers to produce special microchips for electric vehicles.
Nationwide Building Society’s proposed acquisition of Virgin Money UK for $3.7 billion came under the investigation of UK’s Competition and Market Authority (CMA). As a part of the investigation process the CMA has to determine whether such merger will result to “substantial lessening of competition” within the UK’s financial sector and therefore, has invited comments from relevant stakeholders.
Kohlberg Kravis Roberts & Co. L.P. (KKR), an investment giant of the U.S., has achieved unconditional antitrust approval of European Commission (EC) for its acquisition of Telecom Italia’s fixed-line network, a deal worth as much as 22 billion euros ($24 billion). This approval represents a significant milestone as it marks the first time a former telephone monopoly in a major European nation has divested its landline grid.
In an effort to stop big tech companies from engaging in anti-competitive practices, the Competition Authority of Kenya (CAK) recently proposed substantial amendments to the Competition Act of Kenya. With this action, the Kenyan government is taking a firm stand against the overwhelming domination held by global technology companies like Google, Amazon, X, and Apple over small enterprises in the country. In the proposed amendment, CAK has included the word ‘Digital Activities’ under section 2 of the Competition Act thereby covering the big tech giants under the ambit of the Competition Act.
The Supreme Court, in a plea for the rendition of an account of the partnership firm, held that the plea shall be filled within the prescribed limitation period that is 3 years from the date of the partner’s death and if any suit is filed after the expiration of the limitation period it would not be maintainable, even if the defense of the suit being time barred is not raised.
The Supreme Court, in an Special Leave Petition challenging the order of Calcutta High Court, held that if the tenant stays in the rented premises after the tenancy rights have been terminated, then the landlord can seek compensation in the form of ‘mesne profit‘ from the tenant.
The Supreme Court rejected the contention that commitments made by a political party in its manifesto to provide financial aid to the public does not amount to corrupt practice by the candidates of the party.
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Having got one of the global automobiles giants imposed with a fine of Rs. 87 crores amongst other instances, our grip on this sector is complete. KK Sharma Law Offices ('Firm') has dealt with the procurement of services of Car Carrier Trucks by market leader in automobile sector in India and brought the anti-competitive practices to the fore.
The very first investigation in the country into competition law violations was made which resulted in a cascading effect of company after company giving up the claims of loan foreclosure charges in home and car loans across the country, amongst others, were under taken.
When the allegations of cartel were brought before the enforcement machinery against the flexible conveyor belt manufacturers they were clear in their mind that only KKSLO can deal it successfully and, accordingly, they availed our services.
The very first successful instance of cartelisation dealt by the competition agency in the case of Ficci Multiplex Association was very successfully dealt with by the competition agency under the overall supervision of Mr. Sharma.
The very first penalty on the leading stock exchange of the country exceeding Rs.50 Crores was based on the investigation done by the Mr. Sharma. Subsequently, when there were allegations of future trading and guar gum and other similar commodities, for saving the enterprises from huge fines, the Firm was the natural choice for representing these companies.
It may not be that well known no manufactured vehicle can leave the premises of the manufacturer except without being loaded on to the car carrier trucks. When the instances of anti competitive practices came to the fore, the Firm was the first choice to taken services from.
