Competition Issues June 2010

Algeria Submits Price Controls Law
Reuters, June 30, 2010

Algeria's government has submitted to the Parliament a draft law that will allow it to set price controls on all consumer goods and services as part of a campaign to curb inflation. The planned price controls are the latest in a series of measures increasing the state's role in energy exporter Algeria's economy, where sharp rises in food prices have helped fuel strikes and public unrest. <<More>>

Intel seeks settlement in FTC antitrust suit
MarketWatch, June 21, 2010

Intel Corp. is seeking to suspend trial proceedings in an antitrust suit filed against it by the US Federal Trade Commission, in order to negotiate a settlement. The FTC sued the semiconductor giant in December 2009, alleging "anti-competitive tactics" that have stifled innovation. Intel has filed a joint motion with the FTC that would open a window, "during which time the parties will review and discuss a proposed consent order." <<More>>

Cartels, Mafias Keen to see Mirza Off
The Nation, June 19, 2010

A chapter of competition law’s effective enforcement would end in a month’s time or so as incumbent Chairman Competition Commission of Pakistan Khalid Mirza would be superannuating on July 23 by reaching the age of 65. <<More>>

Readying the New Act
Global Competition Review, June 16, 2010

The Government Bill on the new Competition Act was submitted to the Finnish Parliament on June 11, 2010. The Bill contains a proposal to repeal the Act on Restrictions on Competition currently in force and replace it with a new Competition Act. <<More>>

OFT Appoints two New Executive Directors
The Office of Fair Trading, June 16, 2010

The Office of Fair Trading (OFT) has announced the appointment of Clive Maxwell and Robert Laslett as Executive Directors to lead the delivery of work across competition and consumer policy. <<More>>

Tougher Measures to Come
Singapore News, June 16, 2010

The number of complaints against anti-competitive business behaviour are on the rise in Singapore. So far this year, the Competition Commission has received 58 complaints, up from 30 in the same period a year ago. <<More>>

OFT Publishes Review of High-cost Credit
The Office of Fair Trading, June 15, 2010

The OFT has published the final report of its review of the high-cost credit sector. The sector comprises the pawn broking, payday loan, home credit and rent-to-buy credit markets.  <<More>>

National Programme for Fibre Optics Deployment
Global Anti-trust Weekly, June 14, 2010

France’s competition watchdog has published an Opinion it delivered to the government on March 17, 2010 with regard to the projected national programme for the deployment of high speed networks based on fibre optics. <<More>>

Competition Law Changes’ Last Chance
The Sydney Morning Herald, June 16, 2010

The federal government is making a last-gasp attempt to push through changes to competition laws before the next election after resistance from industry led to big delays and a watering down of the proposal. <<More>>

Promoting Competition
The Star Online, June 12, 2010

The Malaysian Competition Bill 2010, which was passed in May 2010 and expected to be implemented by mid or end of 2011, is aimed at creating a better business environment and to check against anti-competitive practices.  <<More>>

Namibian Competition Commission
New Era, June 11, 2010

The Namibian Competition Commission has noted the frequency of questions in the media on the public understanding of the role and functions of the Commission.  <<More>>

Fair Competition in Single ASEAN Market
The Jakarta Post, June 10, 2010

The Indonesian Business Supervisory Commission (KPPU) expects to play a bigger role in ensuring fair business practises in the growing domestic market when ASEAN economies are fully integrated within the next five years.  <<More>>

Commission Reconsiders Merger Application Procedures
International Law Office, June 04, 2010

The Competition Commission recently revoked its 2002 service standards and published revised standards for its mergers and acquisitions division.  <<More>>

Disinvestment Guidelines Issued
Global Antitrust Weekly, June 04, 2010

The divestment guidelines issued by the Commerce Commission of New Zealand will assist businesses and their legal advisers in understanding the Commission’s approach to divestment undertakings.  <<More>>

Policy Relating to Hostile Transactions
Global Antitrust Weekly, June 02, 2010

The Competition Bureau of Canada has announced the publication of its policy on information sharing in the context of a hostile transaction.  <<More>>

Flexible Threshold Limits
The Financial Express, June 02, 2010

The Competition Commission of India (CCI) has urged the government that the threshold limit of companies coming under its purview should be increased for adjusting with the inflation rates.  <<More>>

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