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Arnecke Sibeth Dabelstein | European Union | 23 Sep 2021

Will European Commission change its policy to allow binding MAPs?

According to the European Commission's drafts for reforming EU rules on vertical agreements, the entity may be prepared to change its policy and allow manufacturers to agree with distributors on binding minimum advertised prices (MAPs). Until now, the Commission has always classified MAPs as illegal vertical price agreements. This could change in June 2022 with the new Vertical Block......
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Arnecke Sibeth Dabelstein | European Union | 2 Sep 2021

Green deal: European Commission shows zero tolerance for cartel conduct

The European Commission has clearly demonstrated its determination to meet the targets of the European Green Deal after imposing fines of €875 million on BMW and Volkswagen Group, which were found to have colluded to restrict the development of a technology that could reduce harmful emissions.
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Eversheds Sutherland (International) LLP | European Union | 20 Aug 2021

European Commission preliminary report on consumer IoT

The European Commission recently published its preliminary report as part of its inquiry into the consumer Internet of Things sector. The report confirms the rapid growth of this sector but also identifies potential concerns put forward by the respondents to the sector inquiry. The European Commission's findings will no doubt prove useful in shaping the European Union's proposed Digital......
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Fieldfisher | Germany | 29 Jul 2021

VW and BMW fined almost €900 million for antitrust violation

The European Commission has imposed fines of €875 million on BMW, Daimler and the Volkswagen Group for an antitrust violation lasting more than five years. The commission is expected to take a more critical view of environment-related agreements, such as those in which competitors agree to use more environmentally friendly technologies, but simultaneously reach an understanding that they will......
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Vellani & Vellani | Pakistan | 18 Apr 2019

Competition Commission sets aside show cause notice

The Competition Commission recently examined whether Wateen Telecom Limited had resorted to a tie-in arrangement for analogue TV services provided to a housing scheme in Lahore, restricting consumer choice and abusing its dominant position in violation of the Competition Act. The commission found that the original enquiry report had erroneously defined the relevant market. Due to a lack of......
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Arnecke Sibeth Dabelstein | European Union, Germany | 10 Apr 2019

Impact of truck cartel on transport sector

Daimler, MAN, Volvo/Renault, DAF, Iveco and Scania are facing billion-dollar damages claims from carriers for illegal price fixing. To date, more than 7,000 transport companies from 26 countries have filed over 300 claims in excess of €1 billion in the German courts. However, the spillover effects on the transport sector remain unclear. A recent Dortmund Regional Court decision provides......
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Legance - Avvocati Associati | European Union, Italy, United Kingdom | 22 Mar 2019

New banking regulation: temporary measures in event of hard Brexit

The Ministry of Economy and Finance recently published a press release announcing the measures which the Italian government, in close consultation with the regulatory authorities and following discussions with trade associations, intends to take in order to avoid a hard Brexit having a cliff-edge effect on financial activities. During the transitional period provided by the temporary......
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Porobija & Porobija | European Union | 22 Mar 2019

Virtual currencies – EU legal overview

Virtual currencies have been analysed and considered by numerous policymakers at the EU level. According to the European Central Bank, the legal definition of 'virtual currencies' tends to vary depending on the context, while the European Banking Authority defines them as a digital representation of value that is neither issued by a central bank or public authority nor necessarily attached to......
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Walder Wyss Ltd | Switzerland | 22 Feb 2019

Highlights of pre-draft Electronic Media Act

In June 2018 the Federal Council issued a preliminary draft of the new Electronic Media Act (EMA), which aims to ensure that media content continues to meet high journalistic standards following profound changes in media use over the past decade. This article explores the highlights of the pre-draft EMA, which will replace the current Federal Act on Radio and Television.
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Lenz & Staehelin | Switzerland | 14 Feb 2019

Secretariat of Swiss Competition Commission advises on changes in shareholder structure of joint venture

The Secretariat of the Swiss Competition Commission recently issued advice in respect of Article 23(2) of the Cartel Act to two shareholders in a jointly controlled joint venture. The advice clarifies that joint control is given when the parent companies must agree on all important matters relating to the joint venture. Where several parent companies have unequal stakes in a company, minority......
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