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 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…