High politics: The Asia-Pacific Tipline for 15 January 2021
GCR ASIA - 15 January 2021
Singapore’s specialist competition appellate body finally wrapped up its review of Grab’s acquisition of Uber’s southeast Asian business this week. Elsewhere in the region, China’s competition watchdog is sending strong signals about its antitrust enforcement, although a report suggests that one high-profile case has high politics in the background.
2020 hangover: The Asia-Pacific Tipline for 8 January 2021
GCR ASIA - 08 January 2021
It is no surprise that the first week of 2021 was relatively quiet in the Asia-Pacific region, as a flurry of developments marked the close of 2020. Those included Australia’s competition watchdog rejecting a Google/Fitbit remedy accepted in Europe; China launching a probe of Alibaba that could serve as a bellwether for digital enforcement; Hong Kong initiating its first-ever abuse of market power case; Korea’s conditional clearance of a major merger in the food delivery sector; and Japan’s imposition of fines in the high profile “maglev case”.
See you in 2021: The Asia-Pacific Tipline for 18 December 2020
GCR ASIA - 18 December 2020
In the final Asia-Pacific briefing of 2020, we have a full slate of stories, including fines issued to major Chinese companies, an Indian Supreme Court ruling in favour of Uber, a criminal sentencing in Australia and the results of an inquiry into the cement sector in Pakistan. GCR wishes all of its readers a Happy New Year and hopes to see more of you in person in 2021.
To trial we go: The Asia-Pacific Tipline for 11 December 2020
GCR ASIA - 11 December 2020
The landmark criminal cartel case against Australia and New Zealand Banking Group, Citigroup, Deutsche Bank and six executives was committed to the Federal Court of Australia this week for trial, although a date has not been set. The country’s competition watchdog has accused the defendants of colluding to distribute ANZ shares to bank executives after capital raising fell short. While essentially a procedural matter, the case could have far-reaching implications for criminal cartel matters and how stock issues are run. All of the defendants have pleaded not guilty.
The home stretch: The Asia-Pacific Tipline for 4 December 2020
GCR ASIA - 04 December 2020
As one of the most tumultuous years in recent history enters its final month, GCR has just three Asia-Pacific briefings remaining. Antitrust agencies throughout the region remain busy, issuing fines for conduct cases and assessing major global and regional mergers that could impact key industries. This week’s briefing includes a trio of stories out of Australia and an abuse fine issued by Korea’s competition watchdog against a French naval engineering company.
Battle royale Australia: The Asia-Pacific Tipline for 20 November 2020
GCR ASIA - 20 November 2020
In this week’s Tipline, we have the latest in the growing battle between Epic Games and Apple, which has now expanded to the Federal Court in Australia. It remains to be seen whether Apple’s announcement that it is slashing in half its 30% commission for apps sold through its market place will impact the litigation struggle between the two popular companies. We will not be appearing in your inboxes next week, as the Asia-Pacific briefing takes a short break, but we will be back with the latest news on 4 December.
Platform potpourri: The Asia-Pacific Tipline for 13 November 2020
GCR ASIA - 13 November 2020
This week’s briefing has a little bit of everything, from the latest developments in Asia-Pacific on Google and the broader digital platform market to coverage of a brick-and-mortar retail merger in Thailand, a resale price maintenance case in Japan and complaints about alleged cartelisation in India’s cement sector.
The minority stake: The Asia-Pacific Tipline for 6 November 2020
GCR ASIA - 06 November 2020
A company holding shares in a rival has been a hot topic in antitrust for some time, alongside the sister issue of common ownership – when a company, such as a major investment fund, holds shares in various competitors in a market. Australia’s competition watchdog this week launched a probe into a comparison website owner over a series of minority stake acquisitions in a competitor, showing that the issue is squarely on the agency’s radar.
Constitutional for now: The Asia-Pacific Tipline for 30 October 2020
GCR ASIA - 30 October 2020
There are still some places in the world without a competition law at all. In the case of Pakistan, major players in almost every industry have spent the past decade challenging the constitutionality of the country’s competition act, which the antitrust watchdog says has hampered its enforcement efforts. The Lahore High Court this week upheld the constitutional validity of the law, but with 90 cases and even more petitioners involved in the matter, it is almost definitely heading to the Supreme Court.
Buy the ticket, take the ride: The Asia-Pacific Tipline for 23 October 2020
GCR ASIA - 22 October 2020
India’s Supreme Court is the latest in a long list of agencies and courts that will examine the ride-hailing market. The country’s apex court will weigh in on whether Uber’s algorithm – and that of Indian rival Ola – illegally fixes the price of rides for its countless drivers. Similar challenges have been raised elsewhere in the world, where complainants have insisted that drivers could compete on price were it not for the algorithms of the companies.