Competition Issues September2010

Competition law approved
Business Recorder, September 24, 2010

The National Assembly passed 'The Competition Bill, 2010' unanimously for free market competition in all spheres of commercial and economic activity and to enhance economic efficiency and protect consumers from anti-competitive behaviour.  <<More>>

Competition protects more than Regulation
The Financial, September 23, 2010

Harvard law professor Elizabeth Warren was chosed by President Obama to launch the newly created Bureau of Consumer Financial Protection, an agency that will further regulate the lending practices of banks, mortgage lenders and credit card companies.  <<More>>

European Commission defends competition law role
OUT-LAW News, September 20, 2010

The European Commission is the right body to enforce EU competition law because, unlike courts, it can take into account the effect of policy and enforcement on markets, the Competition Commissioner has said.  <<More>>

EU wants more spectrum for mobile firms
Reuters, September 20, 2010

European Union countries should free up broadband spectrum to mobile operators by 2013 to spur consumer demand, the European Commission said on Monday, in its latest effort to boost cross-border trade and create jobs.  <<More>>

France fines banks $504 mn for cheque fee fixing
Reuters, September 20, 2010

The French competition authority has fined 11 banks including Credit Agricole and BNP Paribas a total of 384.9 million euros ($504 million) for collusion on setting cheque charges.  <<More>>

EU wants viable bank after BayernLB, WestLB merger
Reuters, September 20, 2010

“A proposed merger between ailing German landesbanks BayernLB and WestLB must ensure that the resulting bank will be viable in the long term”, EU competition regulators. The European Commission, tasked with ensuring fair play and now investigating state aid provided to the two lenders before deciding whether to approve it. <<More>>

Microsoft dragged to CCI for abusing dominant position
Economic Times, September 17, 2010

Global software major Microsoft Corp has been dragged to the Competition Commission of India (CCI) by a law firm for allegedly abusing its dominant position as a market leader. A complaint is filed against   <<More>>

UK's competition watchdogs co-ordinate merger rules
OUT-LAW News, September 17, 2010

Competition authorities the Office of Fair Trading (OFT) and the Competition Commission (CC) revised their rules on how they decide whether a merger breaks competition law. The two bodies each published guidelines for companies on which mergers were likely to cause competition concerns and which were not. <<More>>

Competition law to permit collective pay negotiations by performers
The Irish Times, September 17, 2010

The Irish Government is to change the competition law to allow workers in the arts such as actors and musicians to negotiate collectively on pay. It was hoped legislation would be published to deal with this issue later this year or early next year.   <<More>>

Govt mulls state watchdogs to tone up competition laws
Financial Times, September 13, 2010

In a bid to strengthen competition laws in the country, the government is mulling setting up state competition regulators to look into issues arising out of health and education that form a part of the state list.   <<More>>

CCI grows up, trains experts
Hindustan Times, September 12, 2010

The Competition Commission of India (CCI) has set in motion a process to train its professionals with the best global practices. Experts from USA’s Federal Trade Commission and the Department of Justice will train CCI’s professionals in India as cross-border mergers and acquisitions (M&As) involving Indian companies gather steam.  <<More>>

Apex court rules in favour of CCI
Live mint, September 10, 2010

India’s nascent competition law framework remains intact, with the Supreme Court (SC) ruling that entities against which complaints have been made to the Competition Commission of India (CCI) do not have the right to be heard while the body decides on the legitimacy of these complaints.   <<More>>

CCI probe cannot be challenged before COMPAT
Bar & Bench News Network, September 09, 2010

The Supreme Court has ruled that the Competition Commission of India (CCI) has the authority to direct investigation pertaining to fair trade practices, but its directions cannot be challenged before the Competition Appellate Tribunal (COMPAT).  <<More>>

National Planning Ministry drawing up competition law
Myanmar Times, August 30 - September 5, 2010

Myanmar has taken another step towards becoming a competitive regional economy with the decision to adopt laws and policies on business competition in preparation for entry into the ASEAN single market in 2015. <<More>>

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