Category: Global Blogs

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

US: Panel consolidates auto shop antitrust suit against insurers (Competition Policy International)

A US Judicial Panel on Multidistrict Litigation has ruled that lawsuits filed in five states against car insurance companies alleging antitrust violations can be consolidated.

The suits, filed by collision repair shops, were lodged in Mississippi, Indiana, Florida, Utah and Tennessee. The case will be heard in Florida, though some plaintiffs …read more

China: Government antitrust advisor sacked (Competition Policy International)

Local outlets in China are reporting that an antitrust advisor to the State Council has been fired.

According to reports, China News Service said Zhang Xinzhu was dismissed as an antitrust consultant of China’s cabinet the State Council. While reports did not cite sources of the news, Zhang told reporters he …read more