Tag #Competition Law

Showing 1 to 12 of 29 results

elmundo.es

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Sep 7, 22:18

EU pushes for Banking Union amid nationalistic resistance

The European Union advocates for a Banking Union to strengthen banks and reduce market fragmentation, but faces resistance from member states prioritizing national interests, as seen in Spain's blocking of BBVA's bid for Sabadell and Germany's opposition to Unicredit's acquisition of Commerzbank.

EU pushes for Banking Union amid nationalistic resistance

The European Union advocates for a Banking Union to strengthen banks and reduce market fragmentation, but faces resistance from member states prioritizing national interests, as seen in Spain's blocking of BBVA's bid for Sabadell and Germany's opposition to Unicredit's acquisition of Commerzbank.

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What are the EU's main goals for the Banking Union, and what immediate impacts are expected?

The EU aims to bolster the resilience of European banks against future financial crises and reduce market fragmentation through regulatory harmonization. The immediate impact would be a more integrated and robust European banking sector, better equipped to handle economic shocks. However, significant national resistance currently hinders progress.

theguardian.com

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Aug 12, 13:17

Australian Court Rules Against Apple and Google for Anti-Competitive App Store Practices

An Australian court ruled against Apple and Google for anti-competitive practices in their app stores, specifically regarding restrictions on alternative payment methods and app side-loading, impacting developers and consumers, though implementation of changes will likely be delayed.

Australian Court Rules Against Apple and Google for Anti-Competitive App Store Practices

An Australian court ruled against Apple and Google for anti-competitive practices in their app stores, specifically regarding restrictions on alternative payment methods and app side-loading, impacting developers and consumers, though implementation of changes will likely be delayed.

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How did Apple and Google's respective app store policies contribute to the court's findings of anti-competitive behavior?

The Australian court's decision highlights the ongoing tension between tech giants' control over app stores and the competitive landscape. Apple's closed iOS system and Google's Play Store policies were deemed anti-competitive due to their restrictions on alternative payment methods and app side-loading. This ruling sets a precedent impacting global app store practices.

zeit.de

🌐 85% Global Worthiness

Aug 4, 10:17

10,000+ European Hotels Sue Booking.com for Anti-Competitive Practices

Over 10,000 European hotels are collectively suing Booking.com for damages, totaling an estimated amount for unfair price parity clauses deemed illegal by the European Court of Justice in 2024. The case, filed in the Netherlands, is backed by Hotrec and over 30 national hotel associations, including...

10,000+ European Hotels Sue Booking.com for Anti-Competitive Practices

Over 10,000 European hotels are collectively suing Booking.com for damages, totaling an estimated amount for unfair price parity clauses deemed illegal by the European Court of Justice in 2024. The case, filed in the Netherlands, is backed by Hotrec and over 30 national hotel associations, including...

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What are the immediate consequences of the European Court of Justice's 2024 ruling on Booking.com's pricing practices for European hotels?

Over 10,000 European hotels are collectively suing Booking.com for damages due to enforced price parity clauses deemed anti-competitive by the European Court of Justice (ECJ) in 2024. The lawsuit seeks compensation for losses incurred between 2004 and 2024, alleging unfair conditions and inflated costs.

nos.nl

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Jul 20, 16:13

European Commission Sues Netherlands over NS Rail Monopoly

The Dutch national railway company, NS, faces financial crisis, labor disputes, and a European Commission lawsuit for its operating license, potentially leading to changes in the national rail network and impacting service for passengers.

European Commission Sues Netherlands over NS Rail Monopoly

The Dutch national railway company, NS, faces financial crisis, labor disputes, and a European Commission lawsuit for its operating license, potentially leading to changes in the national rail network and impacting service for passengers.

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Decent Work and Economic Growth

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How have post-pandemic changes in work patterns and labor relations contributed to NS's financial and operational challenges?

NS's financial struggles are compounded by reduced ridership post-pandemic, leading to labor disputes and a legal challenge. The European Commission's lawsuit highlights concerns about fair competition in the railway market, potentially impacting NS's future.

sueddeutsche.de

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Jul 17, 16:15

German Court Rejects Lawsuit Against Online Pharmacy Offering Bonuses

The German Federal Court of Justice dismissed a lawsuit against a Dutch online pharmacy for offering customer bonuses in 2012, rejecting the Bavarian Pharmacists' Association's claim of unfair competition, due to lack of evidence that the abolishment of price regulations would endanger the pharmaceu...

German Court Rejects Lawsuit Against Online Pharmacy Offering Bonuses

The German Federal Court of Justice dismissed a lawsuit against a Dutch online pharmacy for offering customer bonuses in 2012, rejecting the Bavarian Pharmacists' Association's claim of unfair competition, due to lack of evidence that the abolishment of price regulations would endanger the pharmaceu...

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Good Health and Well-being

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How does this ruling impact the ongoing debate about price regulations for prescription drugs and the free movement of goods within the EU, considering previous court decisions?

The case highlights a long-standing dispute over whether price regulations for prescription drugs apply to online pharmacies in other EU countries. The BGH's decision, referencing European Court of Justice precedents, emphasizes the lack of evidence demonstrating that abolishing price regulations would jeopardize Germany's pharmaceutical supply. This underscores the importance of concrete data in legal challenges concerning EU free movement of goods.

news.sky.com

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Jul 10, 01:11

UK Housebuilders to Pay £100m for Affordable Housing After Competition Inquiry

Seven major UK housebuilders will pay £100 million to fund affordable housing following a Competition and Markets Authority (CMA) investigation into concerns about information sharing that may have impacted new home prices; the companies deny wrongdoing but have agreed to legally binding commitments...

UK Housebuilders to Pay £100m for Affordable Housing After Competition Inquiry

Seven major UK housebuilders will pay £100 million to fund affordable housing following a Competition and Markets Authority (CMA) investigation into concerns about information sharing that may have impacted new home prices; the companies deny wrongdoing but have agreed to legally binding commitments...

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What is the immediate impact of the CMA investigation into UK housebuilders' information sharing?

Seven UK housebuilders will pay a record £100 million to fund affordable housing programs across the UK. This follows a Competition and Markets Authority (CMA) investigation into concerns about information sharing that could have influenced new home prices. The payment is the largest ever secured via a commitment from companies under CMA investigation.

cincodias.elpais.com

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Aug 14, 07:17

Spanish Court Orders Recalculation of Car Dealership Cartel Fines

A Spanish court has annulled reduced fines against Volkswagen, Seat, Audi, and Opel dealerships for cartel activity between 2006 and 2013, citing the CNMC's failure to properly account for the duration of infractions when recalculating penalties; the CNMC must now recalculate the fines.

Spanish Court Orders Recalculation of Car Dealership Cartel Fines

A Spanish court has annulled reduced fines against Volkswagen, Seat, Audi, and Opel dealerships for cartel activity between 2006 and 2013, citing the CNMC's failure to properly account for the duration of infractions when recalculating penalties; the CNMC must now recalculate the fines.

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What systemic changes are needed to prevent similar cartel activity and ensure accurate calculation of fines in future cases?

This ruling could lead to significantly higher fines for the involved car dealerships and might encourage more appeals against CNMC sanctions. The case also raises concerns about the consistency and accuracy of the CNMC's enforcement procedures. Future investigations into similar cartel activity will likely benefit from clearer guidelines and a more detailed assessment of all relevant factors to ensure a just and effective outcome.

welt.de

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Aug 4, 22:13

European Hotels Sue Booking.com for Antitrust Violations

Hotels across Europe are collectively suing Booking.com for billions of euros, alleging that its best-price clauses violated EU competition laws between 2004 and 2024, restricting hotels' pricing freedom and market competition; Booking.com denies these claims.

European Hotels Sue Booking.com for Antitrust Violations

Hotels across Europe are collectively suing Booking.com for billions of euros, alleging that its best-price clauses violated EU competition laws between 2004 and 2024, restricting hotels' pricing freedom and market competition; Booking.com denies these claims.

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What are the key claims in the class-action lawsuit filed by hotels against Booking.com, and what are the immediate implications for the hotel industry and online travel agencies (OTAs)?

Hotels are filing a class-action lawsuit against Booking.com, claiming that Booking.com's best-price clauses violated EU competition law, limiting hotels' pricing freedom and suppressing competition. The lawsuit seeks compensation for damages incurred between 2004 and 2024. Booking.com denies receiving an official lawsuit and disputes the legal arguments.", A2="The European Court of Justice (ECJ) ruled in September 2024 that best-price clauses can violate EU competition law, supporting the hotels' claims. However, a final decision rests with an Amsterdam court. This case follows similar actions in Germany, where authorities previously banned such clauses from HRS, Booking.com, and Expedia.", A3="This lawsuit highlights the ongoing tension between online travel agencies (OTAs) and hotels over pricing control and market dominance. The potential outcome could significantly impact the OTA market, potentially leading to changes in their business practices and pricing strategies. The case also underscores the increasing scrutiny of OTAs' market power and their impact on competition within the hospitality industry.", Q1="What are the key claims in the class-action lawsuit filed by hotels against Booking.com, and what are the immediate implications for the hotel industry and online travel agencies (OTAs)?", Q2="How did previous legal actions in Germany, particularly the decisions regarding HRS, Booking.com, and Expedia, shape the current legal challenge, and what role did the ECJ's September 2024 ruling play?", Q3="What are the long-term implications of this lawsuit for the balance of power between hotels and OTAs, considering the market share held by Booking.com and the overall impact on the European hospitality sector?", ShortDescription="Hotels across Europe are collectively suing Booking.com for billions of euros, alleging that its best-price clauses violated EU competition laws between 2004 and 2024, restricting hotels' pricing freedom and market competition; Booking.com denies these claims.", ShortTitle="European Hotels Sue Booking.com for Antitrust Violations"))

kathimerini.gr

🌐 75% Global Worthiness

Jul 26, 13:12

Competition Commission Blocks BC Partners' Acquisition of DELTA Vocational Schools

Greece's Competition Commission blocked BC Partners' acquisition of DELTA vocational schools, rejecting proposed remedies despite BC Partners' Alphabet Education already owning AKMI and a large stake in Metropolitan College; this marks only the second merger block in the commission's 30-year history...

Competition Commission Blocks BC Partners' Acquisition of DELTA Vocational Schools

Greece's Competition Commission blocked BC Partners' acquisition of DELTA vocational schools, rejecting proposed remedies despite BC Partners' Alphabet Education already owning AKMI and a large stake in Metropolitan College; this marks only the second merger block in the commission's 30-year history...

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Quality Education

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What broader implications might this decision have for future mergers and acquisitions in the Greek education sector and beyond?

This landmark decision may signal a shift in the Greek Competition Commission's approach to mergers and acquisitions, particularly involving large investors in education. Future mergers, especially in sectors with limited competition, will likely face stricter scrutiny. The rejected merger involved significant players in the vocational training market, DELTA and AKMI, both known for their strong brands and extensive advertising.

telegraaf.nl

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Jul 17, 16:16

EU Sues Netherlands Over Illegal NS Rail Concession

The European Commission is taking the Netherlands to court for illegally awarding a rail concession to NS, potentially disrupting train services and costing billions.

EU Sues Netherlands Over Illegal NS Rail Concession

The European Commission is taking the Netherlands to court for illegally awarding a rail concession to NS, potentially disrupting train services and costing billions.

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Why did the European Commission initiate legal action against the Netherlands regarding the NS rail concession?

The Netherlands' failure to comply with EU regulations regarding the awarding of the rail concession to NS stems from a series of warnings from the European Commission, which were ultimately ignored, leading to legal action. The potential consequences include the need for the government to purchase rolling stock, potential damage claims, and the repayment of illegal state aid.

welt.de

🌐 75% Global Worthiness

Jul 16, 13:15

PFG Appeals Ban on Vion Beef Acquisition

Germany's largest meat company, Premium Food Group (PFG), is appealing a Federal Cartel Office ban on its acquisition of Vion Food Group's Southern German beef operations, raising concerns about market dominance, regional economic stability, and potential supply disruptions.

PFG Appeals Ban on Vion Beef Acquisition

Germany's largest meat company, Premium Food Group (PFG), is appealing a Federal Cartel Office ban on its acquisition of Vion Food Group's Southern German beef operations, raising concerns about market dominance, regional economic stability, and potential supply disruptions.

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Responsible Consumption and Production

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How does the planned acquisition affect the agricultural sector and regional economic stability in Southern Germany?

PFG argues the Cartel Office's market assessment is flawed, claiming their offer would maintain sufficient competition and citing significant public interest in preserving agricultural livestock farming in Southern Germany. Numerous farmers and others have voiced concerns since the ban, highlighting the limited number of large cattle slaughterhouses in the region. This acquisition failure could lead to plant closures and supply shortages.

cincodias.elpais.com

🌐 85% Global Worthiness

Jun 25, 16:15

Spanish Government Approves BBVA-Sabadell Merger with Unprecedented Conditions

The Spanish government approved BBVA's bid for Banco Sabadell, but imposed an unprecedented condition: maintaining separate legal entities for at least three years, sparking controversy over government intervention in business and raising potential legal challenges.

Spanish Government Approves BBVA-Sabadell Merger with Unprecedented Conditions

The Spanish government approved BBVA's bid for Banco Sabadell, but imposed an unprecedented condition: maintaining separate legal entities for at least three years, sparking controversy over government intervention in business and raising potential legal challenges.

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Decent Work and Economic Growth

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What is the immediate impact of the Spanish government's conditional approval of BBVA's takeover bid for Banco Sabadell?

The Spanish government approved BBVA's takeover bid for Banco Sabadell, but with a condition: both banks must maintain separate legal entities, assets, and management for at least three years. This unprecedented condition, added to existing ones from the CNMC, sparks debate about political interference in business.

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