This week's Anti-trust and Privacy updates are as follows:-
Tinder Files Case Against Apple Inc. for Anti-competitive Practices
Tinder owner Match Group, filing a case against Apple Inc., has alleged abuse of dominant position. The Apple’s apps market poses barriers to developers by forcing use of its proprietary in-app purchase system along with a fee of upto 30%. The allegations in the case are similar to the ongoing case against Apple in the European Union.
CCI Issues Notice to ZEE and…
The anti-trust and privacy updates for this week are as follows:-
Inter-ministerial Task Force to regulate and prepare guidelines for Online Gaming
Inter-ministerial Task Force (IMTF) for online gaming recommends drawing up guidelines for Online Gaming platforms to prevent fraud and illegitimate activities. The IMTF also recommends amending the Information Technology act, 2000, to include regulation of online gaming platforms similar to the Intermediary Guidelines and Digital Media Ethics Code and to include caps on the spending limits. The recommendations face…
This week's Anti-trust and Privacy Updates are as follows:
Karnataka High Court dismisses Intel’s Petition Challenging CCI’s Investigation
Karnataka High Court, dismissing Intel’s challenge to CCI’s probe, imposed costs of Rs. 10L. In August 2019 CCI, investigating alleged abuse of dominant position by Matrix Info Systems, against Intel Corporation’s new warranty policy in India, found Intel in violation. Intel revising the warranty policy in India in 2019, provided warranty for boxed micro-processors only when bought from authorised sellers or distributors within…
This week’s anti-trust and privacy updates are as follows:
Federal Court of Australia finds Google Inc. in Breach of Local Consumer Laws
The Federal Court of Australia, in 2021, had found Google in partial breach of local consumer laws. Google was found to be misleading users about collection of personal data such as location via Android mobile devices. Google conceding to the charges has agreed to pay a $60 million fine to the Australian Competition and Consumer Commission.
Disney Settles Anti-trust Suit…
This week’s anti-trust and privacy updates are as follows:
CCI Proposes Higher Scrutiny for Mergers and Acquisitions
The CCI, in its Competition (Amendment) Bill, 2022 draft, proposed stringent rules of scrutiny on mergers and acquisitions in India. The regime presently requires the Companies to have a minimum threshold in assets or turnover in India to attract CCI scrutiny. This provides a loophole for Global Tech Giants with low assets and turnover in India to operate outside the scrutiny of CCI.…
This week’s anti-trust and privacy updates are as follows:
CCI approves Axis Bank acquisition of Citi Corp
The CCI, last week, approved Axis Bank’s Rs. 12,325 Cr. acquisition of Citi Bank NA and Citicorp Finance India Limited. Axis Bank, as per the deal, would be acquiring all of Citi’s consumer banking activities. Citi’s credit cards, personal loans and wealth management business would be transferred to Axis Bank. The acquisition is expected to close by September 2024.
CCI approves Greenforest acquisition of stake…
This week’s anti-trust and privacy updates are as follows:
NCLAT suspends Amazon’s investment in Future-coupons, upholding CCI’s decision.
The NCLAT has ordered Amazon to pay 200CR INR in penalty for making false statements and material omissions in its disclosures regarding the acquisition of Future Coupons Group. The Appellate Tribunal has upheld that Amazon deliberately mislead the CCI by misrepresenting its acquisition as an expansion of the portfolio and consequently, suppressing its strategic interest in the Subsidiary Future Retail Ltd. CCI, in…
This is a rundown of last week's updates on Antitrust:
CCI imposes penalties on seven for bid-rigging in Indian Railway Tenders
The Competition Commission of India (CCI) has imposed penalties amounting to almost Rs. 30 lakhs on seven entities including individuals for manipulating the bidding process of railway tenders and cartelisation. The CCI stated that these entities have formed a cartel in the supply of protective tubes to the Indian Railway and were engaging in anti-competitive practices like determination of prices,…
This is a rundown of last week's Antitrust updates:
Government mulling amendment to Competition Bill 2020 to give CCI wider powers over big tech companies
In order to ensure that digital market remains open to new entrants and existence of meritorious competition between digital platforms, the Central Government is proposing to bring changes to the pending Competition Bill 2020. They aim to enhance the scope of the CCI over digital markets, with wider powers to be conferred on the CCI and…
This is a rundown of last week’s news updates on Antitrust:
CCI investigation into Whatsapp faces pushback
The Competition Commission of India’s investigation into Whatsapp’s abuse of dominance in enforcing its new privacy policy that enabled the sharing of user data with business has hit a roadblock in Whatsapp’s belligerence against sharing information on its new privacy policy. Whatsapp has stated that it will withhold providing information on the same until the parliament passes the data privacy law. CCI has however…