Legal PronouncementsMarket DevelopmentsLegal Pronouncements European Union (‘EU’) – European Competition Commission (‘Commission’) Gazprom imposed with binding impositions by the EC for preventing inter alia, cross- border flow of gas May 24, 2018 Gazprom is a leading Russian company dealing exclusively in the natural gas market. It has operations in eastern and central Europe as well. [...]

Legal PronouncementsMarket DevelopmentsLegal Pronouncements United Kingdom (‘UK’) – Competition and Market Authority (‘CMA’) The CMA imposes fine of £370,084 on Five Real Estates Agents March 2, 2018 Abbott and Frost Estate Agents Limited, Gary Berryman Estate Agents Ltd (parent company – Warne Investments Limited), Reenslade Taylor Hunt, Saxons PS Limited and West Coast Property Services [...]

Legal PronouncementsMarket DevelopmentsLegal Pronouncements India – Competition Commission of India (‘CCI’) Competition Act, 2002 (‘Act’) CCI imposes penalty on Ghaziabad Development Authority (GDA) for Abuse of its Dominant Position Dated. February 28, 2018 Shri Satyendra Singh (‘The informant’), an allottee of the residential flat under the Pratap Vihar residential housing scheme (‘the scheme’) announced by [...]

Legal PronouncementsMarket DevelopmentsLegal Pronouncements United States of America (‘US’) - Federal Trade Commission (‘FTC’) FTC requires fertilizer companies, PotashCorp and Agrium to divest two production facilities as condition for merger December 27, 2017 Potash Corporation (‘Potash’) and Agrium Inc. (‘Agrium’) (collectively, ‘Parties’) are fertilizer and chemical companies which have entered into an agreement for merger. [...]

Legal PronouncementsMarket DevelopmentsLegal Pronouncements United States of America (‘US’) - Federal Trade Commission (‘FTC’) Integra LifeSciences Holding Corporation to acquire Codman Neurosurgery Division subject to divestiture of 5 Medical Device Product lines September 27, 2017 Integra LifeSciences Holdings Corp. (‘Integra’) and Johnson & Johnson’s Codman Neuro division (‘Codman’) supply a range of devices used in [...]

Legal PronouncementsMarket DevelopmentsLegal Pronouncements India – Competition Commission of India (‘CCI’) CCI dismisses anti-competitive allegations against Tata Housing Development Co. Ltd August 10, 2017 Capt. Deepak Shrikrishnarao Satam (‘the Informant’) filed an Information alleging contravention of the provisions of Section 4 of the Competition Act, 2002 (‘Act’) by Tata Housing Development Co. Ltd. (‘OP‘). The [...]

Legal PronouncementsMarket DevelopmentsLegal Pronouncements India – Competition Commission of India (‘CCI’) CCI imposes penalty on Hyundai Motor India Limited for entering into anti-competitive agreement with dealers. June 14, 2017 Information was filed in the CCI against Hyundai Motor India Limited (‘HMIL’) by Fx Enterprise Solutions India Pvt. Ltd. and St. Antony’s Cars Pvt. Ltd. HMIL [...]

Legal PronouncementsMarket DevelopmentsLegal Pronouncements European Union– European Competition Commission (‘European Commission’) European Commission fines six car air conditioning and engine cooling suppliers € 155 million in cartel settlement March 8, 2017 The European Commission has fined Mahle Behr GmbH & Co KG (Germany), Calsonic Kansei Corporation (Japan), Denso Corporation (Japan), Panasonic Corporation (Japan), Sanden Handling [...]

Legal PronouncementsMarket DevelopmentsLegal Pronouncements Republic of India (comprising of pronouncements on anti-competitive agreements, abuse of dominant position) CCI dismisses allegations of anticompetitive conduct against Dhanlaxmi Bank Limited. Case No 66/2016 Dated February 21, 2017. The Informant alleged that the OP i.e. Dhanlaxmi Bank Limited had increased the floating rate of interest with the increase in [...]

Legal PronouncementsMarket DevelopmentsLegal Pronouncements European Union EC fines Credit Agricole, HSBC and JP Morgan Chase 485 million Euros in euro interest rate derivative cartel. Dated 07.12.2016 EC has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. It was discovered that [...]