EU: Ireland data pooling system in antitrust probe

EU: Ireland data pooling system in antitrust probe

European Union regulators opened an antitrust investigation into the conditions set by Insurance Ireland for companies seeking to access its data pooling system, saying these may restrict choice for motorists in particular. Insurance Ireland represents 95 percent of the domestic market and more than 80 percent of Ireland’s international life insurance market in the country. […]

China: Regulator asks German car makers about EU collusion

China: Regulator asks German car makers about EU collusion

Chinese regulators have requested information from German car makers regarding a European Union probe into possible collusion on the development of emissions technology, a sign that they may be considering launching their own probe, reported Morningstar. The Chinese Competition Authority requested information from Volkswagen  and its Audi and Porsche AG subsidiaries in March, VW said in its […]

EU: Guess pays US$42M to settle antitrust probe

EU: Guess pays US$42M to settle antitrust probe

Last week, Guess reported that they been cooperating with the European Commission in its investigation into whether certain of the company’s business practices and agreements may have violated European competition rules. In June of 2017, Guess faced a formal European Union antitrust investigation over suspicions the clothing manufacturer and retailer may be thwarting cross-border sales […]

South Korea: Concerns over “excessive” antitrust probes arise

South Korea: Concerns over “excessive” antitrust probes arise

According to the Korean Times, a growing number of businesses are expressing concerns about the nation’s antitrust agency’s decision to give up its exclusive rights to file complaints about antitrust cases, which it will now share with Ministry of Justice prosecutors. The companies are worried that the power sharing between the South Korea Fair Trade […]

US: House Republican calls for renewed antitrust probe of Google

US: House Republican calls for renewed antitrust probe of Google

Rep. Todd Rokita, a conservative Republican from Indiana, has called for the federal government to reopen an antitrust investigation Google’s search engine reported The Hill. In a letter Thursday to the Federal Trade Commission and the Justice Department, Rokita noted that Google controls over 85% of the internet search market, up from 71% when the […]

South Korea/China: Minister urges “fair and reasonable treatment” in China DRAM probe

South Korea/China: Minister urges “fair and reasonable treatment” in China DRAM probe

South Korea’s industry minister has urged Chinese authorities to conduct a fair antitrust probe into two Korean chipmakers, as regulators are reportedly looking into their alleged price fixing, Yonhap news agency reports, citing Paik Un-gyu, South Korean minister of trade, industry and energy. The Minister made this request during a meeting with China’s Commerce Minister […]

UK: MPs seek answers from regulator on Sainsbury’s/Asda probe

UK: MPs seek answers from regulator on Sainsbury’s/Asda probe

British lawmakers said on Thursday, May 3, they were seeking information from Britain’s competition regulator regarding concerns over Sainsbury’s’ proposed £7.3 billion (US$9.9 billion) takeover of Walmart owned rival Asda. In a letter to the Competition and Markets Authority (CMA), the chairs of two parliamentary committees said their members have concerns over the impact the […]

EU: EC raids sports rights agencies in antitrust probe

EU: EC raids sports rights agencies in antitrust probe

The London offices of IMG and MP & Silva have been raided by officials from the European Commission investigating potential sports rights cartels. European investigators entered the offices of IMG and on April 10 as part of simultaneous raids that included 21st Century Fox subsidiary Fox Networks and Ziggo Sport, the Dutch subsidiary owned by […]

UK: New CMA chair warns of probe on Big 4

UK: New CMA chair warns of probe on Big 4

According to a report by the Financial Times, the new chair of the UK’s Competition and Markets Authority has signalled his intention to probe the four biggest accountancy firms, observing their work could sometimes appear to be “money for old rope.” Andrew Tyrie, a former Conservative MP who begins his new role in June, said […]

Italy: Antitrust watchdog opens Facebook probe

Italy: Antitrust watchdog opens Facebook probe

The Italian competition authority Antitrust said on Friday, April 6, it had opened an investigation into Facebook for “alleged improper commercial practices” by not adequately informing users about data-gathering. Facebook has admitted up to 2.7 million people in the EU may have been caught in the Cambridge Analytica scandal, the bloc announced on Friday. According […]

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