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Spain’s Competition watchdog Comision Nacional De Los Mercados Y La Competencia (CNMC) has launched an investigation into Apple, accusing the tech giant of potentially engaging in anticompetitive actions related to its treatment of developers on the App Store.. The new investigation, announced by Europa Press, will look into whether Apple has been imposing unfair commercial conditions on developers who use the App Store.
The Supreme Court held that the holding company is not the owner of assets of the subsidiary company and hence, the assets of subsidiary company cannot be part of the resolution plan of the holding one. Further, the Court held that the financial creditor can always file separate applications under Section 7 of the IBC against the corporate debtor and the corporate guarantor. The applications can be filed simultaneously as well.
While presenting the Union Budget 2024-2025 in Parliament, Finance Minister Nirmala Sitharaman highlighted that appropriate changes will be made to the Insolvency and Bankruptcy Code (IBC) to reform and strengthen tribunals in India. This includes an integrated technology platform will be established to enhance outcomes under the IBC. Regarding the Income Tax Act, increasing the monetary limits for filing appeals related to direct taxes, excise and service tax to ₹60 lakh in tax tribunals, ₹2 crore in High Courts, and ₹5 crore in the Supreme Court was proposed.
The Supreme Court on Tuesday refused to order a reexamination for the National Eligibility-cum-Entrance Test undergraduate exam for the year 2024 (NEET UG 2024). A Bench of Chief Justice of India (CJI) DY Chandrachud and Justices JB Pardiwala and Manoj Misra said that the evidence before it was not sufficient to show a widespread leak of question paper as alleged by the petitioners who moved the Court.
In an Advisory Opinion, ‘Legal Consequences Arising From the Policies and Practices of Israel in the Occupied Palestinian Territory, Including East Jerusalem’, dated 19.07.2024, the International Court of Justice has opined that Israel’s continued occupation of the Occupied Palestinian Territory is illegal, and Israel is obligated to end its occupation and make reparations to all affected persons. The Court observed, inter alia, all the member States’ obligation for non-recognition of the legality of the situation arising from Israel’s unlawful presence
Nigeria has fined Meta platform $220 million after probe revealed data-sharing on its Facebook and WhatsApp platforms violated local consumer, data protection and privacy laws, the Federal Competition and Consumer Protection Commission observed. The FCCPC said Meta appropriated the data of Nigerian users on its platforms without their consent, abused its market dominance, and meted out discriminatory and disparate treatment on Nigerians.
TikTok owner ByteDance lost its court challenge against being designated as a gatekeeper under landmark EU tech rules, in a boost for EU antitrust regulators seeking to rein in the power of Big Tech. The Luxembourg-based General Court observed that the company met the DMA’s quantitative thresholds, regarding its global market value, the number of TikTok users within the European Union and the number of years during which that threshold relating to user numbers had been met.
An investigation by India’s antitrust body has found that Apple exploited its dominant position in the market for app stores on its iOS operating system, engaging “in abusive conduct and practices”, a confidential report seen by Reuters showed. The Competition Commission of India (CCI) has been investigating Apple Inc, since 2021 for possibly abusing its dominant position in the apps market by forcing developers to use its proprietary in-app purchase system. The CCI’s investigations unit, in its 142-page report which is not public but was seen by Reuters, said Apple wields “significant influence” over how digital products and services reach consumers, especially through its iOS platform and App Store.
In a significant development, the Supreme Court on Friday (July 12) granted interim bail to Delhi Chief Minister Arvind Kejriwal in the case registered by under the Prevention of Money Laundering Act (PMLA) over the liquor policy case, while referring his petition challenging the arrest by the Enforcement Directorate (ED) to a larger bench.
The UAE is prohibiting companies from offering or applying very low prices for production, transfer and marketing with a monopolistic approach to drive other companies out of competition. The new law defines competition as the act of conducting economic activities based on market mechanisms, but not such mechanisms that harm trade, development and consumer interests. This was aimed at ensuring fair competition and prohibition of monopolistic approaches for all companies and also protecting consumers’ rights in the country. The law will also regulate mergers and acquisitions (M&As) in the local market.
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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.
