Category: Global Blogs

India: Sun, Ranbaxy pharma merger doubted by CCI (Competition Policy International)

The Competition Commission of India has reportedly stepped up scrutiny of the proposed merger between Sun Pharmaceutical Industries and Ranbaxy Laboratories.

The CCI is said to have approached the companies asking they the authority shouldn’t launch an investigation; the regulator also reportedly said the merger would result in significant market strength …read more

South Korea: Record fine issued for railway bid-rigging (Competition Policy International)

South Korea’s competition authority has sanctioned major builders of a high-speed railway project for manipulating the bidding process for the contract, say reports.

The nation’s Fair Trade Commission fined 28 construction firms for alleged bid-rigging, a practice that the FTC said unfairly awarded the project to construct the Honam bullet-train railway. …read more

US: Barclays, Deutsche Bank officers may be monitored (Competition Policy International)

Regulators are reportedly mulling plans to monitor the US offices of Barclays and Deutsche Bank as part of an ongoing investigation into claims that the banks and other major financial institutions manipulated the foreign exchange market.

The New York Department of Financial Services is reportedly seeking oversight of the banks’ US …read more

EU: Luxury watch competition probe nixed (Competition Policy International)

The European Commission has reportedly decided to end its investigation into the luxury watch industry after three years.

Reports say the Commission announced Tuesday that there was only a limited chance of finding evidence of wrongdoing following allegations that some watch manufacturers had refused to supply spare parts to independent repair …read more