This is a rundown of last week's news updates on Antitrust:
Google loses $2.8 billion as antitrust fine to EU Court
The Luxembourg-based EU General Court has dismissed tech giant Google's effort to appeal a $2.8 billion antitrust fine for favouring its own shopping services in search results. The European Commission fined Google in 2017 for breaking competition laws. In addition to the fine, Google was ordered in 2017 to make modifications to the way it presents shopping search results, to allow…
This is a rundown of last week’s news updates on Antitrust:
Competition Commission of India issued orders against firms guilty of bid-rigging and cartelization
The Competition Commission of India (CCI), India’s fair markets watchdog, found that six firms had engaged in cartelization in the supply of Low-Density Poly Ethylene covers (LDPE) to the Food Corporation of India (FCI) by determining prices, allocating tenders, coordinating bid prices, and manipulating the bidding process directly or indirectly. CCI issued a cease-and-desist order against the…
This is a rundown of last week’s news updates on Antitrust:
Google sues Competition Commission of India (CCI) over investigation leak
Search engine giant Google has filed a writ petition against the CCI, the competition watchdog, over reports that a confidential report of the CCI’s investigation over Google’s practices in the Android smartphone sector was divulged to news outlets. The writ petition seeks a direction that the CCI act to prevent any further unlawful disclosures, submitting that Google itself had not…
This is a rundown of last week’s news updates on Antitrust:
BASF obtains favourable verdict for patent-licensing antitrust claims
Chemical company BASF Corp has succeeded in their claims against rival chemical company Ingevity Corp for antitrust claims of tying a license to a patent to an obligation to buy the consequent product. The jury in this case had reached an award of $28 million, however, based on a provision of US federal antitrust law, the award is to be tripled to…
This is a rundown of last week’s news updates on Antitrust:
Competition Commission of India to investigate Apple Inc. for in-app purchase system
In a suit filed by a non-profit group, the competition regulator CCI will investigate tech giant Apple for allegations of abuse of its dominant position for imposing its proprietary in-app purchase system on developers, which involved a 30% commission levied for distribution of paid digital content and other restrictions. The information, which is a submission alleging anticompetitive behaviour,…
This is a rundown of last week’s news updates on Privacy and Antitrust:
UK to develop its own privacy rules
Given Britain’s exit from the European Union, the question has now revolved around Britain’s obligations under privacy law, as it would now be considered as a third country under the provisions of the EU General Data Protection Regulation, which encumbers stricter compliance for handling data. As part of its overhaul of its Data Protection Act, Britain intends to do away with…
This is a rundown of last week's news updates on Privacy and Antitrust:
ZOOM to ‘breakout’ the bank, decides to settle US privacy class action for $85 million
Zoom, a leading virtual conferencing app, has decided to end a privacy infringement class action suit filed against it by users who alleged that Zoom’s sharing of users’ personal data with Facebook, Google and LinkedIn resulted in violation of their privacy. While maintaining that they had committed no wrongdoing in the alleged action,…
In April, 2012, an anti-trust suit was filed against Apple for conspiring with book publishers to fix prices. The publishers agreed to give Apple a thirty percent margin in return for letting them control prices of eBooks on Apple Store. Amazon was at that time offering the eBooks as low as 9.99 dollars, and as a result the price of eBooks went up to 12.99 and 14.99 dollars. This was Apple's ploy to popularize its IPAD, which was launched in…