Tech giant’s appeal against $1.8 billion fine awaits EU Court of Justice decision. An Italian court has suspended a decision on a request by e-commerce giant Amazon to annul a record 1.13 billion euro fine imposed by Italy’s antitrust watchdog for alleged abuse of market dominance, a court ruling showed on Friday.
Italian administrative court TAR del Lazio said it had suspended judgment pending a ruling by the European Union Court of Justice over the case.
A legal source said the EU court might rule on the ongoing case before the next summer.
Read more: Italian Court Overturns Apple & Amazon’s Antitrust Fine
Last year Italy’s competition watchdog ruled that Amazon had used its dominant position in the Italian market for intermediation services on marketplaces to favour the adoption of its own logistics service by sellers active on Amazon.it.
It subsequently imposed one of the highest penalties on a US tech company in Europe.
An Amazon spokesperson reiterated that the company strongly disagreed with the decision of the Italian Competition Authority (ICA) and would continue to emphasise its position throughout the legal proceedings.
“More than half of all annual sales on Amazon in Italy come from SMBs. We have 20,000 Italian SMBs that sell on Amazon, including sellers that manage shipment themselves, and we constantly invest to support their growth”, the spokesperson said in a statement.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI