On 20.11.21, China’s State Administration of Market Supervision fined tech giants with 500,000 ¥ each, including Alibaba, Baidu and JD.com for failing to notify 43 deals since 2012, therefore, violating the anti-monopoly legislation. However, the deals did not restrict or eliminate competition.
Category: news
news
Penalty on paper manufacturers cartel
CCI, on 17.11.2021, imposed penalty on paper manufacturers for cartelisation. Some of the paper manufacturers, including one represented by KK Sharma Law Offices, was spared the fine.
Farm Laws Rolled Back
Addressing nation today on Parkash Purab of Sri Guru Nanak Dev, PM Modi, declared that the three Farm laws will be repealed during the winter session of the Parliament, beginning on 29.11.21.
Don’t shift the blame: SC to Govt
Noticing insignificant contribution to pollution by stubble burning, the Supreme Court lashed the Delhi Government of hiding behind farmer bashing and stubble burning, while going through an Affidavit filed before it by Delhi Govt..
‘Either behave or else….’ CMA to Big Techs
By her ‘break-ups are in play‘, Chief Executive, CMA, UK gave enough warning to big tech giants of an action like repeat of birth of ‘Baby Bells’ in USA if new Digital Market Unit does not deliver.
Antitrust Issue on Data Access
China: Eefung Software, a data mining company, has accused Weibo, social media website, for refusing request to access data constituting a monopolistic practice. It appears to be first antitrust suit based on data access in China.
Fine on Google upheld
On 10.11.2021, EU’s General Court agreed with the 2017 decision of EC fining Google with 2.42 billion Euros for abuse of dominant position as a search engine, by giving illegal advantage to its own ‘comparison shopping service’ over others.
Cartel busted about supplies to FCI on information by KK Sharma Law Offices
On 29.10.2021, the Competition Commission of India held six firms, supplying Low Density Poly Ethylene (‘LDPE’) covers, guilty of cartelisation and bid rigging in violation of the Competition Act, 2002.
The compelling evidence marshalled by KK Sharma Law Offices, representing Food Corporation of India, made four out of six firms to immediately admit their guilt and come before the Commission with folded hands and a prayer for being let off.
After holding the firms guilty of violation of the law, the firms were directed not to indulge in this conduct again and spared huge monetary fines merely on the ground of mercy, lest they should be wiped out of the market.
Asking for revocation of CCI’s approval for 2019 acquisition of FCL by Amazon
As if on cue, after CCI sought clarification on Amazon’s actual intent for acquiring Future Coupons Pvt. Ltd (‘FCL’), now independent directors of Future Retail Ltd. have written to CCI on 07.11.2021 urging revocation of its approval for the 2019 acquisition of FCPL
Cabinet approves rightsizing the Competition Commission of India
The Union Cabinet chaired by Prime Minister ShriNarendraModi has given its approval for rightsizing the Competition Commission of India (CCI) from One Chairperson and Six Members (totalling seven) to One Chairperson and Three Members (totalling four) by not filling the existing vacancies of two Members and one more additional vacancy, which is expected in September, 2018 when one of the present incumbents will complete his term.