Author: 21st Century Competition

Bulgaria: EU investigation finds energy market violations (Competition Policy International)

The European Commission announced preliminary findings of its investigation into Bulgaria’s energy industry on Tuesday, saying that it has found evidence that state-owned companies in the nation have breached competition law.

Bulgaria Energy Holding, which is the umbrella company for state-owned energy companies, was reportedly found to have violated antitrust rules …read more

China: Pillsbury launches new outfit in Beijing (Competition Policy International)

Pillsbury Winthrop Shaw Pittman has reportedly opened its doors to its third location in Asia, this time in Beijing.

The law firm, which specializes on cross boarder investments and antitrust, also has locations in Tokyo and Shanghai.

According to reports, five lawyers from Paul Hastings were picked to open the new Pillsbury …read more

US: Chiquita Banana receives new offers after Fyffes partnership (Competition Policy International)

Just months after Chiquita Banana agreed on a merger with Ireland food company Fyffes, a deal that would create the world’s largest banana producer, reports say Chiquita has now received a rival offer.

Florida-based juice company Cutrale Group and Brazil-based investment firm Safra Group have reportedly submitted a joint bid for …read more

India: CCI amends rules to impose interest on late antirust fine payers (Competition Policy International)

The Competition Commission of India is seeking to recover funds from imposing fines on anticompetitive companies, and has now reportedly amended certain rules to encourage those payments.

According to reports, the CCI has amended the CCI Manner of Recovery of Monetary Penalty Amendment Regulations that imposed a 1.5 percent interest on …read more