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Libor scare eventually stopped Forex chat

Libor scare eventually stopped Forex chat

GCR USA - 16 October 2018

Accusations that major international banks had manipulated the London Interbank Offered Rate led two of the traders now being prosecuted by the Department of Justice to exit a group web chat used for fixing foreign currency exchange bids, another trader has testified.

Chopra asks for “rigorous review” of digital platforms

Chopra asks for “rigorous review” of digital platforms

GCR USA - 16 October 2018

The Federal Trade Commission must do more to understand the structure of digital marketplaces and data collection practices to promote healthy competition, Commissioner Rohit Chopra has said.

Ex-enforcers debate market definition after Amex

GCR USA - 16 October 2018

In the wake of the Supreme Court’s ruling that American Express’ anti-steering provisions must be assessed in the context of a two-sided market, former antitrust enforcers are questioning how to define such markets.

Every which way: The Tipline for 16 October 2018

GCR USA - 16 October 2018

We’re dividing ourselves between two events involving the Federal Trade Commission today. We’re focusing on the first day of the agency’s trial against dental supply providers for allegedly engaging in an anticompetitive group boycott, and the second day of the FTC’s third hearing in a series evaluating the state of competition and consumer protection. Oh, and the Department of Justice’s star witness in the prosecution of three currency traders will face cross-examination by defence counsel today.

Korea proposes doubling fines

Korea proposes doubling fines

16 October 2018

Korea’s antitrust watchdog says it will strengthen enforcement against anticompetitive business practices by doubling the maximum monetary penalties for certain antitrust violations.

Google tried to “strangle us” to prevent litigation, says Unlockd

Google tried to “strangle us” to prevent litigation, says Unlockd

15 October 2018

Unlockd has been granted a request to stay its abuse of dominance claim against Google for six months while it finds a litigation funder, as the Australian company argued that Google “did all they could to strangle us and prevent us from getting the finances necessary” to sue.

UK rail operator accused of abuse of dominance

UK rail operator accused of abuse of dominance

15 October 2018

A quality assurance scheme provider is seeking an injunction against Network Rail, which owns and operates rail infrastructure in England, Scotland and Wales, for allegedly abusing its dominance by insisting that suppliers use a different assurance scheme.

The Aspen Italy decision: A "quick look" assessment leaves open questions

The Aspen Italy decision: A "quick look" assessment leaves open questions

15 October 2018

Skadden Arps Slate Meagher & Flom partner Ingrid Vandenborre and associate Stanislas de Villoutreys advise Aspen Pharmacare in relation to the ongoing proceeding of the European Commission that excludes Italy. In their commentary, they consider that the Aspen decision of Italy’s Competition Authority, upheld by the Regional Administrative Tribunal of Lazio’s judgment, has skipped the unfairness analysis set out by European Court of Justice in United Brands. The commentary is based on the Aspen decision and judgment as published.

Corporate Counsel nomination period extended

Corporate Counsel nomination period extended

15 October 2018

The nomination period for GCR’s in-house counsel 2018 survey has been extended until 22 October, so tell us who you think deserves to be recognised.

Australian antitrust boss advocates scepticism in data mergers

Australian antitrust boss advocates scepticism in data mergers

15 October 2018

Tie-ups between data-rich companies in dynamic markets remain difficult to analyse and authorities should be sceptical of statements of fact made by the merging companies, the head of Australia’s competition enforcer has said.