Developments in Competition Law during December 2021
In the month of December 2021, in an unprecedented move, the CCI suspended the ‘Amazon/ Future Coupon’ deal and imposed a penalty of INR 202 crores on Amazon for gun-jumping and suppressing material information. Further, it ordered investigation against Apple for its unfair app policies and closed cases against Intel Corporation and Yamaha for indulging in alleged abuse of dominant position. It also approved several notable combinations including:
- acquisition of sole control of Parexel by EQT Fund and Goldman Sachs
- acquisition of sole control of Exide Life Insurance by HDFC Life Insurance
- acquisition of sole control of worldwide healthcare BPO business of Hinduja Global Solutions by Baring
- internal restructuring of the TVS group
For further details, please refer to the below document.
This Newsletter has been prepared by the JSA Competition Law Team.
For further details, please contact [email protected]
