Uber has appealed against a fine handed down by the Competition and Consumer Commission of Singapore relating to the acquisition of its southeast Asian business by rival Grab, but the latter has decided not to join that challenge.
Hong Kong’s banking code is not immune from antitrust scrutiny, but no plan currently exists to investigate or bring enforcement proceedings against any companies for complying with it, the country’s Competition Commission has said.
The Philippine Competition Commission has fined Grab and Uber approximately €258,000 for violating interim measures that required the companies to maintain business independence while the enforcer investigated their merger.
Proposed amendments to the Competition Commission of India’s merger control regulations again raise the issue of its jurisdiction over non-controlling minority shareholding acquisitions. Arshad (Paku) Khan and Anisha Chand of Khaitan & Co discuss the possibility that it might not.
The Australian Competition and Consumer Commission “still has concerns” about the use of most favoured nation clauses in the hotel booking market, an ACCC official has said.
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