This week's Antitrust and Data Privacy Updates are as below -
Google Appeals to NCLAT Over CCI Fines
Google, being fined Rs. 1337.76 Crore by CCI for its unfair trade practices, in an order in October, has filed an appeal to NCLAT. In October, CCI found Google guilty of abusing its dominant position in multiple markets in relation to android mobile devices. A Google spokesperson said that the decision to appeal is in line with Google’s understanding that the penalty by…
This week’s Antitrust and Data Privacy Updates are as below –
5th Edition of the EU-India Competition Week Inaugurated
The 5th edition of the European Union- India Competition Week was inaugurated on Monday by the acting Chairperson of CCI, Sangeeta Verma, and Seppo Nurmi, the Deputy Head of Delegation of the EU to India and Bhutan. As stated by the Deputed Head of the EU delegation, Competition week provides a forum for two major economies to debate antitrust action in digital…
This week's Antitrust and Data Privacy Updates are as below -
Mark Zuckerberg to testify before Federal Trade Commission Over Purchasing Within
Meta Platforms CEO, Mark Zuckerberg, is set to give his testimony in the case initiated by the Federal Trade Commission (FTC). The FTC has raised their objections to the purchase of the Virtual Reality (VR) content-making company, Within Unlimited. FTC argues that if this purchase by Meta is not blocked, it has the potential to create a monopoly in…
This week’s anti-trust and privacy updates are as follows:
CCI Approves Jio Cinema-Viacom18 Amalgamation
CCI, following investments of BTS Investment 1 Pte. Ltd. (BTS1) and Reliance Projects & Property Management Services Ltd. (RPPMSL), approves the merger of Jio Cinema OTT with Viacom 18 Media Pvt. Ltd. The amalgamation comes after major investments in April by Bodhi Tree Systems in Viacom 18, making Viacom 18 one of the largest TV and digital streaming companies in India.
CCI Investigation Finds India’s Largest Hospital…
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…
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…