Tag #Competition Law

Showing 13 to 24 of 29 results

elpais.com

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Jun 24, 19:18

EU Criticizes Spain's Intervention in BBVA-Sabadell Merger

The European Commission criticized Spain's decision to impose conditions on BBVA's takeover of Sabadell, warning that it may use its powers to ensure compliance with EU rules on the single market; Spain maintains its actions are consistent with EU law.

EU Criticizes Spain's Intervention in BBVA-Sabadell Merger

The European Commission criticized Spain's decision to impose conditions on BBVA's takeover of Sabadell, warning that it may use its powers to ensure compliance with EU rules on the single market; Spain maintains its actions are consistent with EU law.

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How does the Commission's response to the Spanish government's actions compare to its handling of a similar merger attempt in Italy?

The Commission's response contrasts with its prior statements supporting the deal, suggesting a shift in stance. The approval by the European Central Bank and Spanish Competition Authority, with conditions, initially indicated Commission support. However, the Spanish government's added conditions prompted the Commission's warning.

elpais.com

🌐 85% Global Worthiness

Jun 6, 22:12

CNMC Investigates UEFA Over Super League Blocking

The CNMC is investigating UEFA for potentially anti-competitive actions taken in 2021 to thwart the launch of the European Super League, focusing on agreements with nine clubs that abandoned the project after facing threats from UEFA president Aleksander Ceferin.

CNMC Investigates UEFA Over Super League Blocking

The CNMC is investigating UEFA for potentially anti-competitive actions taken in 2021 to thwart the launch of the European Super League, focusing on agreements with nine clubs that abandoned the project after facing threats from UEFA president Aleksander Ceferin.

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What are the immediate consequences of the CNMC's investigation into UEFA's actions regarding the Super League?

The Spanish National Commission of Markets and Competition (CNMC) has launched an investigation into UEFA for allegedly obstructing the 2021 Super League. The investigation follows a complaint by A22, the Super League's developer, citing potential violations of Spanish and EU competition laws. This action centers on UEFA's agreements with nine clubs that abandoned the project, facing potential penalties for anti-competitive behavior.

bbc.com

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Jun 2, 04:09

University Collaboration Restrictions Risk Creating "Cold Spots" in Course Offerings

A Universities UK report warns of potential "cold spots" in university course offerings due to inter-university collaboration restrictions imposed by competition laws, impacting student access to subjects in their regions, particularly exemplified by a mature student who accessed a local course only...

University Collaboration Restrictions Risk Creating "Cold Spots" in Course Offerings

A Universities UK report warns of potential "cold spots" in university course offerings due to inter-university collaboration restrictions imposed by competition laws, impacting student access to subjects in their regions, particularly exemplified by a mature student who accessed a local course only...

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Quality Education

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What long-term systemic changes are needed to address the risk of subject "cold spots" and ensure equitable access to higher education across all regions?

The current system, prioritizing competition over collaboration, risks creating regional disparities in course offerings, leading to educational inequality. The government's upcoming review of higher education funding needs to address this, facilitating collaboration to prevent "cold spots" and ensure equitable access to higher education. This requires a systemic shift away from individual institutional decision-making towards regional planning for course provision.

politico.eu

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Mar 7, 07:10

EU Rebuts U.S. Claims: Digital Markets Act Not Targeting American Tech

The European Commission sent a letter to a U.S. congressman asserting that the EU's Digital Markets Act (DMA) is designed to prevent monopolization and is not targeted at U.S. companies, despite ongoing investigations into Apple, Meta, and Google. This follows complaints from U.S. President Trump an...

EU Rebuts U.S. Claims: Digital Markets Act Not Targeting American Tech

The European Commission sent a letter to a U.S. congressman asserting that the EU's Digital Markets Act (DMA) is designed to prevent monopolization and is not targeted at U.S. companies, despite ongoing investigations into Apple, Meta, and Google. This follows complaints from U.S. President Trump an...

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What are the primary goals of the EU's Digital Markets Act, and what immediate consequences are expected for tech companies?

The EU's Digital Markets Act (DMA) aims to ensure compliance with competition rules, not to specifically target U.S. companies, according to a letter from the European Commission to a U.S. congressman. The Commission stressed that the DMA is intended to prevent monopolization and benefit companies regardless of nationality. Apple, Meta, and Google are currently under investigation for DMA compliance.

sueddeutsche.de

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Mar 6, 13:14

German Cartel Office Investigates Fuel Wholesale Market Competition

The German Federal Cartel Office is investigating potential competition problems in the German fuel wholesale market, focusing on the role of price information services and using a new tool to address structural competition issues. The investigation follows a recent sector study revealing indication...

German Cartel Office Investigates Fuel Wholesale Market Competition

The German Federal Cartel Office is investigating potential competition problems in the German fuel wholesale market, focusing on the role of price information services and using a new tool to address structural competition issues. The investigation follows a recent sector study revealing indication...

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How do the widely used price information services in the German fuel wholesale market contribute to the alleged competition problems, and what evidence supports these claims?

The investigation focuses on whether widespread price information services, offering detailed market information to companies, pose a significant competitive risk. The Cartel Office suggests these services increase the risk of collusion and price manipulation, exceeding the limitations of traditional cartel law which targets individual company violations.

zeit.de

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Feb 19, 19:14

German Cartel Office Investigates Soaring Fuel Price Changes

The German Federal Cartel Office criticized the sharp increase in daily fuel price changes at gas stations from 4-5 in 2014 to 18 in 2024, hindering consumer price comparisons; the office is investigating potential price manipulation by mineral oil companies and considering regulatory intervention.

German Cartel Office Investigates Soaring Fuel Price Changes

The German Federal Cartel Office criticized the sharp increase in daily fuel price changes at gas stations from 4-5 in 2014 to 18 in 2024, hindering consumer price comparisons; the office is investigating potential price manipulation by mineral oil companies and considering regulatory intervention.

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What are the immediate consequences of the dramatic increase in daily fuel price changes at German gas stations?

The German Federal Cartel Office (Bundeskartellamt) criticized the increasing frequency of price changes at German gas stations, rising from 4-5 times daily in 2014 to an average of 18 times in 2024. This makes it harder for consumers to compare prices and find the cheapest times to refuel. The authority is monitoring the situation and considering regulatory intervention.

elpais.com

🌐 85% Global Worthiness

Jun 23, 16:15

Spain Tightens Conditions on BBVA's Sabadell Bid

The Spanish government will impose stricter conditions on BBVA's takeover bid for Sabadell, citing concerns about competition, job security, and financial inclusion. This decision, alongside Sabadell's potential sale of its UK subsidiary TSB, could significantly hinder or prevent the acquisition.

Spain Tightens Conditions on BBVA's Sabadell Bid

The Spanish government will impose stricter conditions on BBVA's takeover bid for Sabadell, citing concerns about competition, job security, and financial inclusion. This decision, alongside Sabadell's potential sale of its UK subsidiary TSB, could significantly hinder or prevent the acquisition.

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How might the potential sale of Sabadell's UK subsidiary, TSB, affect the terms of the BBVA acquisition and the Spanish government's decision?

The government's intervention stems from concerns about the potential consequences of the merger, including job losses, reduced financial inclusion in underserved areas, and the impact on small and medium-sized enterprises (SMEs). The sale of TSB by Sabadell further complicates the situation, impacting the acquisition's value and timeline. This contrasts with BBVA's claims that public opposition is based on unfounded fears.

welt.de

🌐 75% Global Worthiness

Jun 3, 13:13

German Gas Station Association Accuses Oil Companies of Price Manipulation

The German gas station association (TIV) accuses oil companies of manipulating fuel and shop prices, harming consumers and tenants, leading to a lawsuit against Shell and calls for government intervention. Data shows thousands of gas stations with rapidly changing prices, with shop products marked u...

German Gas Station Association Accuses Oil Companies of Price Manipulation

The German gas station association (TIV) accuses oil companies of manipulating fuel and shop prices, harming consumers and tenants, leading to a lawsuit against Shell and calls for government intervention. Data shows thousands of gas stations with rapidly changing prices, with shop products marked u...

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How do hidden commissions and mandatory suppliers contribute to the "double distortion of competition" described by TIV, and what specific consequences does this have for gas station tenants?

TIV highlights a "double distortion of competition" in shop pricing, where oil companies inflate prices through hidden commissions and mandatory, overpriced suppliers for their tenants. This forces tenants to buy products at 70-110% higher than market prices, generating 60% of their gross profit and limiting their entrepreneurial freedom while bearing all the risks. A lawsuit against Shell, which forces 90% of shop product purchases from its subsidiary Carissa, exemplifies this issue.

faz.net

🌐 75% Global Worthiness

Apr 15, 19:16

German Cartel Office Approves Unicredit's Increased Commerzbank Stake

Germany's Bundeskartellamt approved Unicredit's plan to increase its stake in Commerzbank to 29.99%, citing sufficient competition from other banks despite Commerzbank's strong market positions in some areas; the decision follows ECB approval and despite resistance from the German government.

German Cartel Office Approves Unicredit's Increased Commerzbank Stake

Germany's Bundeskartellamt approved Unicredit's plan to increase its stake in Commerzbank to 29.99%, citing sufficient competition from other banks despite Commerzbank's strong market positions in some areas; the decision follows ECB approval and despite resistance from the German government.

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What is the immediate impact of the Bundeskartellamt's decision on the competitive landscape of the German banking sector?

The German Federal Cartel Office (Bundeskartellamt) approved Unicredit's increase of its Commerzbank stake to 29.99%, concluding that the merger wouldn't significantly harm competition. This follows prior approval from the ECB. Unicredit currently holds 9.5% but secured access to additional shares through derivatives and partner banks.

zeit.de

🌐 75% Global Worthiness

Mar 6, 13:14

German Cartel Office Investigates Fuel Wholesale Market Competition

The German Federal Cartel Office is investigating potential competition problems in the German fuel wholesale market, prompted by a recent sector investigation showing indications of competition distortions; the office is using a new tool available since 2023 to address structural issues, specifical...

German Cartel Office Investigates Fuel Wholesale Market Competition

The German Federal Cartel Office is investigating potential competition problems in the German fuel wholesale market, prompted by a recent sector investigation showing indications of competition distortions; the office is using a new tool available since 2023 to address structural issues, specifical...

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What immediate actions has the German Federal Cartel Office taken regarding potential competition issues in the fuel wholesale market, and what are the potential consequences?

The German Federal Cartel Office (Bundeskartellamt) is investigating potential competition issues in the German fuel wholesale market. A recent sector investigation revealed indications of competition distortions, prompting the office to launch an inquiry focusing on whether significant and persistent competition disruptions exist. This uses a new tool available since 2023, allowing intervention against structural problems.

jpost.com

🌐 75% Global Worthiness

Feb 21, 01:07

Israeli Supermarket Executives Indicted on Price-Fixing Charges

The Israel Competition Authority indicted four supermarket executives—Eyal Ravid (Victory), Eitan Yochananof (Yochananof and Sons), Elad Harazi (Yochananof and Sons), and Ephraim Tshuva (Super Bareket)—on charges of price-fixing and violating the Food Law following an investigation into the food ind...

Israeli Supermarket Executives Indicted on Price-Fixing Charges

The Israel Competition Authority indicted four supermarket executives—Eyal Ravid (Victory), Eitan Yochananof (Yochananof and Sons), Elad Harazi (Yochananof and Sons), and Ephraim Tshuva (Super Bareket)—on charges of price-fixing and violating the Food Law following an investigation into the food ind...

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How did the alleged price-fixing scheme operate, and what evidence supports the indictments?

The indictments allege a coordinated effort to raise consumer prices, involving Facebook posts, media interviews, and direct communications with suppliers. Ravid allegedly pressured suppliers to increase prices at competing retailers, hindering competition. This case highlights concerns about market manipulation and its impact on consumers.

cincodias.elpais.com

🌐 85% Global Worthiness

Feb 16, 10:10

CNMC to Decide on BBVA's Hostile Bid for Sabadell Amidst Competition Concerns

BBVA's hostile takeover bid for Banco Sabadell faces a crucial decision by Spain's CNMC, which is evaluating the proposed remedies to address competition concerns, particularly in the SME sector, with Sabadell demanding structural changes instead of BBVA's proposed behavioral commitments.

CNMC to Decide on BBVA's Hostile Bid for Sabadell Amidst Competition Concerns

BBVA's hostile takeover bid for Banco Sabadell faces a crucial decision by Spain's CNMC, which is evaluating the proposed remedies to address competition concerns, particularly in the SME sector, with Sabadell demanding structural changes instead of BBVA's proposed behavioral commitments.

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What are the potential long-term implications of the CNMC's decision on the Spanish banking sector's competitive structure and the access of SMEs to credit?

The CNMC's decision will significantly impact Spain's banking landscape and SME access to credit. If the CNMC accepts BBVA's behavioral remedies, it sets a precedent potentially impacting future mergers. However, if it sides with Sabadell's demand for structural changes, it could reshape merger approval processes, affecting future consolidation in the Spanish banking sector. The government also retains veto power.

Showing 13 to 24 of 29 results