Joaquín Almunia’s speech given at the 19th International Competition Law Forum in St. Gallen provided an update on the European Commission’s recent activity in antitrust. Included in the list was an update on the pending Google case, which Almunia described as work being carried out in “less established industries,” where competition policy had to be balanced with innovation. As articulated in the May 21 letter sent to Google CEO Eric Schdmit, Almunia repeated the Commission’s desire for a quick resolution. As such, he said he expected to receive Google’s response by early July. However, if negotiations break down, Almunia will press forward with charges against Google: “formal proceedings will continue through the adoption of a Statement of Objections.”
Full content: EC Press Release
Related content: The Microsoft Case and Google (Stephen Houck, Menaker & Herrmann)
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