Region: India

Amazon accused of trying to intimidate Indian enforcer

Future Retail’s independent directors have accused Amazon’s lawyers of trying to “browbeat” the Competition Commission of India by walking out of a recent hearing regarding the technology company’s acquisition of a 49% stake in Future Coupons.

29 November 2021

G7 report urges coordinated global response to Big Tech

A report published by antitrust chiefs from the G7 nations and four guest countries has highlighted the historic global underenforcement of digital mergers and the importance of understanding new technologies to combat harm to competition earlier.

29 November 2021

The Asia-Pacific Round-up (26 November 2021)

News in brief from the Asia-Pacific region… China’s antitrust watchdog has issued a conditional merger clearance and fined a logistics cartel for rigging bids and allocating the market. In India, the antitrust authority fined a price-fixing cartel in the paper sector and ordered a full investigation into alleged abuse of dominance by table tennis organisations. Meanwhile, Korea has issued a pair of bid-rigging decisions.

26 November 2021

Indian tribunal stays RPM fine pending full appeal

India’s competition appeals tribunal has agreed to suspend a €24 million fine issued by the country’s antitrust authority against Maruti Suzuki for imposing a maximum discount policy on its dealers.

23 November 2021

CCI: quality concerns undermining pharmaceutical competition

A key hurdle to greater price competition for generic drugs in India is consumer concern and information asymmetry about quality, according to a market study conducted by the country’s competition watchdog.

19 November 2021

The Asia-Pacific Round-up (19 November 2021)

News in brief from the Asia-Pacific region… India’s competition watchdog is on the clock to determine whether Amazon misled the agency in acquiring a stake in a local retailer, which could lead to the revocation of the agency’s approval. Meanwhile, Meta – formerly known as Facebook – cleared its first major hurdle for its proposed acquisition of Kustomer.

18 November 2021

AZB & Partners poaches rival practice head in India

Ram Kumar Poornachandran has stepped down as head of the competition group at Talwar Thakore & Associates to join AZB & Partners in New Delhi.

09 November 2021

CCI urged to revoke Amazon/Future Coupons deal approval

The independent directors of Future Retail have urged the Competition Commission of India to revoke the approval it gave in 2019 for Amazon’s acquisition of a 49% stake in Future Coupons after claiming the US technology company made false representations to win approval.

08 November 2021

India targets liquor companies in bid-rigging raids

The Competition Commission of India has raided the offices of at least eight alcohol manufacturers that allegedly rigged local government tenders for the procurement of low-priced spirits.

28 October 2021

India drops seven-year auto parts cartel probe despite leniency applications

The Competition Commission of India has closed an auto parts cartel investigation due to a lack of evidence despite its investigative arm finding an infringement and two companies applying for leniency.

26 October 2021

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