The Competition & Markets Authority (CMA), UK, has denied the proposed acquisition of Activision-Blizzard by Microsoft Inc. as it raised competitive concerns in cloud gaming market in the UK. Microsoft committed to offer royalty-free access to CoD & other popular titles to certain cloud gaming providers & allowing consumers to stream titles on other cloud gaming providers. However, CMA noted that the remedy applies only to a defined set of Activision games, which can be streamed only in a defined set of cloud gaming services; thus requiring some degree of regulatory oversight by CMA. By contrast, preventing the merger would effectively allow market forces to continue to operate and develop cloud gaming without any regulatory intervention.
Assigning Reasons, for not Awarding Compound Interest under MSMED Act, a Must: Delhi HC
The Delhi High Court (‘DHC’) affirmed the order of lower Court which had set aside an arbitral award for not awarding interest in terms of Section 15 and 16, which deal with liability of buyer to make payment and the rate at which the interest is payable respectively, of the Micro, Small and Medium Enterprises Development Act, 2006 (‘MSMED Act’), without giving any reason.
The HC observed that Section 15 and 16 of the MSMED Act are mandatory provisions and held “it was incumbent upon the Arbitral Tribunal to indicate its reasons for denying the benefit under Sections 15 and 16 of the MSMED Act to the respondent.”
Use of Loudspeakers in Mosques is Not a Fundamental Right
The Allahabad High Court (‘AHC’) dismissed a petition saying that “the law has now been settled that the use of loudspeakers from mosques is not a fundamental right”. The petitioner approached the AHC after the permission sought by him, for playing loudspeaker/mike at the time of azan, was rejected by the SDM Tehsil Bisauli, District Budaun.