EU: EC publishes 2018 Report on competition policy

EU: EC publishes 2018 Report on competition policy

The European Commission published on Monday, July 15, the Report on Competition Policy for 2018, presenting its most important policy and legislative initiatives, as well as key decisions adopted last year. The 2018 report stresses how fostering a competitive internal market benefits both EU consumers and companies, with a focus on the effectiveness of competition […]

US: South Korea must improve competition hearing procedures

The United States has urged South Korea to improve procedures in competition hearings led by the Asian country’s fair trade agency, the Office of the US Trade Representative (USTR) said on Tuesday. US parties had been denied certain rights, including the opportunity to review and rebut evidence against them, USTR said, adding that pending amendments […]

Australia: AP Eagers offers concessions to ease merger concerns

Australia: AP Eagers offers concessions to ease merger concerns

AP Eagers has offered to offload its dealerships in Newcastle and the Hunter Valley in a $54 million deal to ease the competition watchdog’s concerns about its proposed acquisition of rival car dealer Automotive Holdings Group. AP Eagers said on Friday it has a non-binding agreement to sell Kloster Motor Group to family-owned car dealership […]

Ukraine: Regulator tells operators to stop using 28-day tariffs

Ukraine: Regulator tells operators to stop using 28-day tariffs

Ukrainian national competition regulator AMKU said 28-day tariffs make it difficult to compare package prices, reports BizLigaNet. The watchdog considers 28-day tariffs to be in violation of the Law on Competition. The regulator has told mobile operators Kyivstar, Vodafone Ukraine and Lifecell to stop using the 28-day tariff. Full Content: Telecom Paper Want more news? Subscribe to […]

Bulgaria: Regulator probing A1 Bulgaria over unfair competition practices

Bulgaria: Regulator probing A1 Bulgaria over unfair competition practices

Bulgaria’s Commission for the Protection of Competition announced that it launched proceedings on Tuesday, July 2, regarding possible unfair competition practices by telecommunications company A1 Bulgaria, a unit of A1 Telekom Austria Group. The competition regulator initiated the probe on its own initiative, it stated in a notice. On the local market, A1 Bulgaria competes […]

Africa: ECOWAS introduces competition regulator

Africa: ECOWAS introduces competition regulator

The Economic Community of West African States (ECOWAS) has a new competition regulator with the launch of the ECOWAS Regional Competition Authority (ERCA) on 31 May in Banjul, Gambia. ECOWAS adopted its Regional Competition Rules in 2008 and at the same time, established the ERCA, as part of a regional competition policy adopted in 2007, […]

EU: Vestager announces “interim measures”

EU: Vestager announces “interim measures”

Margrethe Vestager announced a new methoc for the EU’s competition enforcer to crack down on technology groups by dusting off a powerful weapon, reported the Financial Times. The investigation unveiled on Wednesday, June 26, by Ms Vestager into US chip manufacturer Broadcom seeks to overcome what she has come to see as one of the […]

South Africa: Asphalt company pleads guilty to cartel activity

South Africa: Asphalt company pleads guilty to cartel activity

The Competition Commission of South Africa has referred to the Competition Tribunal (Tribunal) for confirmation as an order a consent settlement agreement it has reached with the More Asphalt. In terms of the agreement, More Asphalt has undertaken to pay an administrative penalty of 579,204.57 rand (US$41,116.27). More Asphalt was charged with price fixing, collusive […]

UK: FCA Competition director testifies before US Fintech Task Force

UK: FCA Competition director testifies before US Fintech Task Force

Financial Conduct Authority (FCA) Director of Competition Christopher Woolard testified before the House Financial Services Committee Fintech Task Force on Wednesday, June 26. The newly formed Task Force is designed to seek out solutions to encourage benevolent innovation in the financial services sector. Announced by House Financial Services Committee Chairwomen Maxine Waters in May, the […]

Australia: AHG takeover hits antitrust hurdle

Australia: AHG takeover hits antitrust hurdle

Queensland-based car dealer AP Eagers claims its is well advanced in addressing issues identified by the competition regulator with its proposed takeover of Automotive Holdings Group. The deal hit a hurdle June 24 with the Australian Competition and Consumer Commission (ACCC) expressing concerns about the merged entity’s dominance in a region of New South Wales. […]

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