Latest news with #CompetitionLaw
Yahoo
5 days ago
- Business
- Yahoo
Amazon UK to battle $5.4bn in lawsuits from retailers and consumers
The UK Competition Appeal Tribunal has authorised two lawsuits from retailers and consumers against online e-commerce giant Amazon for allegedly abusing its market dominance. Both lawsuits allege that Amazon violated Section 18 of the UK's Competition Act 1998 in actions before 31 December 2020, and Article 102 of the Treaty on the Functioning of the European Union (TFEU). The proposed class representatives are seeking potential collective damages totalling up to £4bn ($5.4bn) for affected parties, as reported by Reuters. The tribunal has given permission for these cases to proceed as opt-out collective actions. Andreas Stephan, a professor of competition law, is heading one lawsuit on behalf of more than 200,000 third-party sellers. This claim seeks damages of up to £2.7bn. Stephan's legal team accuses Amazon of rigging its "Buy Box" feature to preferentially highlight products that use Amazon's logistics and delivery services. The suit claims that the criteria used by Amazon to select which offers appear in the Buy Box are opaque and biased toward listings that employ Amazon's fulfilment by Amazon (FBA) service over those that use fulfilment by merchant (FBM). It also alleges discriminatory practices in how delivery promises are adjusted for FBM products. In a separate action, consumer advocate Robert Hammond is representing millions of Amazon customers in a lawsuit seeking up to £1.3bn. This case similarly accuses Amazon of anti-competitive behaviour. An Amazon spokesperson was quoted by the news agency: "These claims are without merit and we're confident that will become clear through the legal process. "Amazon has always focused on supporting the 100,000 businesses that sell their products on our UK store, and more than half of all physical product sales on our UK store are from independent selling partners." The legal challenges come amidst regulatory investigations and decisions by competition authorities concerning aspects of Amazon's operations and conduct within its national marketplaces. In January 2025, the retailer was accused of unlawful data tracking of its consumers in the US state of California. The US Federal Trade Commission (FTC) sued Amazon in 2023 for using 'manipulative tactics and deceptive user-interface designs' to enrol consumers in Prime subscriptions. "Amazon UK to battle $5.4bn in lawsuits from retailers and consumers" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Argaam
23-07-2025
- Business
- Argaam
Final ruling overturns GAC fine against 2 Electrical Industries subsidiaries
Electrical Industries Co. (EIC) said the Administrative Court of Appeal issued a final ruling on July 7, upholding the Administrative Court's decision to annul the Committee for Adjudication of Competition Law Violations' two rulings concerning the fines imposed on two of the company's subsidiaries. In a statement to Tadawul today, July 23, the company said it received the official court judgment from the Administrative Court of Appeal via its legal counsel on July 22. It also noted that the costs associated with this matter cannot be determined at this stage. EIC confirmed that the ruling is considered final. However, it remains subject to potential review by the Supreme Administrative Court if any party files an objection within the legally defined period, particularly on grounds of misapplication of the law or a violation of Shariah by the Court of Appeal. According to data available with Argaam, EIC received in July 2024 a decision from the Committee for Adjudication of Competition Law Violations, which includes imposing a penalty of SAR 26.1 million on two of its subsidiaries for potential violations of the Competition Law. The Administrative Court in Riyadh ruled to annul paragraphs five and six of the committee's decision in January 2025, which related to the fine. Subsequently, the General Authority for Competition (GAC) appealed the decision before the Administrative Court of Appeal.
Business Recorder
26-06-2025
- Business
- Business Recorder
CCP holds workshop on Competition Law
ISLAMABAD: The Competition Commission of Pakistan (CCP), in collaboration with the Islamabad High Court Bar Association (IHCBA) and the Directorate of Legal Education, organized a workshop on Competition Law to enhance legal professionals' understanding of market regulation and fair competition. The session was led by Ahmed Nawaz Saeed, Member CCP, along with senior officials of the Commission. It provided an opportunity for legal practitioners to engage directly with CCP representatives and deepen their knowledge of the key principles and enforcement mechanisms under Pakistan's Competition Law. Comprehensive presentations were delivered by Ahmed Qadir and Noman Laiq, Directors General at CCP; Salman Zafar, Senior Director; and Marryum Pervaiz, Director Merger and Accusations. The speakers covered core areas of Competition Law, including prohibited agreements, abuse of dominant position, deceptive marketing practices, mergers and acquisitions, and the criteria for granting exemptions under the law. Participants showed keen interest throughout the session, which concluded with an interactive Q&A segment, fostering constructive dialogue on regulatory challenges and enforcement issues. Copyright Business Recorder, 2025
Yahoo
11-06-2025
- Business
- Yahoo
Türkiye competition watchdog to probe Coca-Cola İçecek
An investigation has been launched into Türkiye's Coca-Cola İçecek regarding a potential breach of the country's competition laws. The country's competition authority Rekabet Kurumu said yesterday (10 June) Coca-Cola İçecek's subsidiary Coca-Cola Satış ve Dağıtım (Sales and Distribution) was the subject of its probe. The investigation is to assess whether the group has "violated" the competition protection law Act no. 4054, by "imposing exclusivity on retail outlets and excluding competitors from outlets". Shares in Coca-Cola İçecek were down 2.47% to Tl51.30 ($1.31) around noon GMT today, following the announcement. The decision to investigate Coca-Cola İçecek's Coca-Cola Satış ve Dağıtım followed a preliminary inquiry in March. In a statement, Coca-Cola İçecek stressed the launch of the probe "does not necessarily mean that the company subject to investigation has actually violated The Act on the Protection of Competition No.4054 nor it will be subject to a penalty due to a violation of the Competition Law regulations". The Cola-Cola Satış ve Dağıtım business was already investigated by Rekabet Kurumu in 2021 for "preventing the sale of rival products at final sale points". In 2022, the competition authority accepted a "commitment package" from the business which looked to fix the competition issues. These pledges included offering discounts and promotions at sales points only to the same types of beverages. In its guidance for 2025 published in March, Coca-Cola İçecek said the group expected to be "cycling a difficult operating environment in 2024". It added: "We will focus on driving volume growth by prioritising affordability for consumers." For 2025, Coca-Cola İçecek anticipates "low to mid-single-digit growth" in sales volumes in Türkiye and "mid-to high-single-digit growth" for volumes its other global markets. The company also expects to see a "flat EBIT margin", accounting for inflation. In 2024, Coca-Cola İçecek's international volumes declined the most, by 3.6% to 934 million unit cases, attributed to "weakened volume momentum in Pakistan". Volumes in Türkiye stayed flat at 568 million unit cases. Consolidated volumes declined 2.2% to 1.5 billion unit cases. "Türkiye competition watchdog to probe Coca-Cola İçecek" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
03-06-2025
- Business
- Business Standard
Parliamentary panel to review IBC and propose reforms for efficiency
The Centre is expected to table an amendment Bill in the monsoon session as a parliamentary panel examines the Code amid concerns flagged by the Supreme Court Ruchika Chitravanshi New Delhi Listen to This Article A parliamentary panel is taking a comprehensive look at the Insolvency and Bankruptcy Code (IBC) to suggest the changes and measures that need to be taken to make it more efficient, a senior government official said. 'The committee is looking at IBC in totality, just as they did with the Competition Law as well,' the senior official said. The government is expected to bring the IBC Amendment Bill in Parliament in the upcoming monsoon session. Several Supreme Court rulings in the recent past have pointed to gaps in the implementation of the IBC, the latest being the Bhushan Power and
