The European Commission announced on Tuesday (July 24) that it fined, in four separate decisions, consumer electronics manufacturers Asus, Denon & Marantz, Philips and Pioneer for breaching EU competition rules. In a press release, the European Commission accused those companies of imposing fixed or minimum...
Is a green light flashing for dealmaking in tech land, allowing large firms to easily snatch up smaller ones? There’s a verbal assent in place, according to the The Financial Times, that U.S. Justice Department’s Antitrust Chief Makan Delrahim sees value from such transactions. Delrahim...
Amazon Japan revealed news on Thursday (March 15) that its offices were raided by Japan’s fair trade regulator. Reuters, citing an Amazon Japan spokesperson, reported that the Fair Trade Commission raided the office over suspicions that the company was engaged in antitrust behaviors. The Amazon...
American Express’s card rules for merchants prompted debate at the Supreme Court Monday, as the justices considered whether to revive a government antitrust lawsuit challenging the company’s approach, reported The Wall Street Journal. As reported by Competition Policy International on Monday (Feb. 26), the case...
Joseph Simons, a retired partner at Paul, Weiss, Rifkind, Wharton & Garrison, LLP, is President Donald Trump’s pick to head up the Federal Trade Commission, and would pick up enforcement of antitrust under his charge. Simon was nominated to replace acting Chairwoman Maureen Ohlhausen. According...
Oh, Canada, Open Banking and finTech innovation? No frozen landscape there, if regulators look toward a recent study of competition (and cooperation) across payments stakeholders. Plus, bitcoin gets no credit while the CFPB scores a point on the (make the in the) courts.
Mexico’s eCommerce market is being investigated by the country’s antitrust agency, which on Thursday alleged potential monopoly tactics aimed at hurting smaller rivals. According to a report in Reuters, the Federal Economic Competition Commission (COFECE) issued a statement in which it said it was looking...
The Supreme Court is gearing up to hear whether the antitrust case against American Express has merit -- or not. Just as there are two sides to every story and every legal argument, there are two sides in this market -- a two sided market,...
The European Commission announced it had conducted inspections into banks’ alleged anti-competitive practices in some EU states. According to a Reuters news report, the EU has concerns about the banks limiting rival financial firms from gaining legitimate online access to their customers’ data. Although it...
