By Drew & Napier LLC
On 3 September 2013, the Competition Commission of Singapore (“CCS”) issued its decision in respect of Visa Worldwide Pte Ltd’s (“Visa”) long standing notification regarding their multilateral interchange fee (“MIF”) system. In a landmark decision, CCS determined that Visa’s MIF system was not contrary to Singapore competition law.
By David Fruitman and Chai Lertvittayachaikul
In meeting No. 2/2556, held on 6 June 2013, the Thai Trade Competition Commission (“TCC”) approved merger review thresholds proposed by the responsible sub-commission.
By Paula Gilardoni and Emma Ringland
The European Commission’s Proposed Regulation follows the announcement of a number of investigations that are currently being conducted by regulators in relation to index-based prices setting mechanisms which, in turn, followed regulators’ investigations into the manipulation of the LIBOR.
By Luke Woodward, Colleen Platford, Genevieve Rahman, Andrew Willekes, Airlie Goodman and Leanne Meyer
Yesterday, 10 September 2013, the Federal Court handed down judgment in Australian Competition and Consumer Commission v Cement Australia Pty Ltd & Ors [ 2013 ] (the proceedings) making interim declarations that the defendants, including Cement Australia Pty Ltd, had not engaged in contraventions of section 46 of the Trade Practices Act 1974 (Cth) (the Act) (now known as the Competition and Consumer Act 2010 (Cth)).