Author: 21st Century Competition

India: Authorities push pubic awareness of competition compliance (Competition Policy International)

In efforts to educate the public on compliance to competition policy, the Competition Commission of India is reportedly set to establish clear, well-defined guidelines to facilitate adherence to the law.

According to reports, those guidelines will be put in the public domain to aid understanding to antitrust rules. “Compliance is like …read more

Switzerland: Petrochemical firm buys out of joint venture (Competition Policy International)

Petrochemical conglomerate Ineos announced Monday that it has purchased chemical group BASF’s share of the companies’ joint venture.

The Swiss company acquired BASF’s 50 percent stake in the partnership, known as Styrolution, in a $1.5 billion transaction. The joint venture was launched in 2011.

While the acquisition remains subject to approval from …read more

Spain/US: Madrid divestitures could aid tobacco merger (Competition Policy International)

While two US tobacco giants are likely facing antitrust issues in their quest to merge, reports say deal from Spain could aid the transaction.

Reynolds American has been looking to acquire Lorillard for several months, reports say, though sources have told reporters that antitrust issues are one of several complications of …read more

EU: Almunia wants rate-rigging cases closed (Competition Policy International)

European Commissioner Joaquin Almunia is looking to tie up loose ends before he exits the position later this year.

According to reports, the Commissioner said he hopes to end cases into major banks accused of benchmark interest rate manipulation by October, when he steps down from his post. Top lenders including …read more