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Your Weekly Digest | Issue 218

Valur Thrainsson
4 min read

Good morning,

Here below, you find the most recent and relevant competition and anti-trust news, blogs and journal publications over the last week.

Good morning,

Here below, you find the most recent and relevant competition and anti-trust news, blogs and journal publications over the last week.

Enjoy :)
At last, the regime that enabled Amazon's monopoly power is crumbling | Amazon | The Guardian

It is long past time for policymakers to fight corporate concentration. Fortunately, there is good reason to think they will soon do so

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Commission lays out arguments in appeal of Apple tax case | POLITICO
Brussels cites ‘contradictory reasoning’ by EU General Court.
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Norwegian-based global shipping company Wallenius Wilhelmsen Ocean AS (WWO) has been convicted of criminal cartel conduct and ordered by the Federal Court to pay a fine of $24 million, in a case prosecuted by the Commonwealth Director of Public Prosecutions (CDPP). This brings to a close an extensive investigation by the ACCC into an international cartel involving several international shipping companies in relation to the shipping of vehicles to Australia from Asia, Europe and the US on behalf of major car manufacturers. Read more.
The Bundeskartellamt has imposed fines totalling approx. 35 million euros on three steel forging companies and two senior staff members for their involvement in an anti-competitive exchange of information. The companies concerned are CDP Bharat Forge GmbH (now: Bharat Forge Global Holding GmbH) and Bharat Forge CDP GmbH, both based in Ennepetal and part of the Indian Bharat Forge Group, and the former Johann Hay GmbH & Co. KG Automobiltechnik (now: Musashi Bockenau GmbH & Co. KG), Bad Sobernheim. Read more.
The EU published its proposal for a Digital Market Act in December. Articles 5 and 6 of the draft contain various obligations to be imposed on gatekeepers. In this table, I take the obligations under Articles 5 and 6 of the draft DMA and: I provide a short description of the obligation for context (my own, … Read more.
High ginger, garlic and lemon prices have left a sour taste in mouths of South Africans By Gina Lodolo and Jemma Muller The exorbitant and rapid increase in prices of ginger, garlic and lemon, that… Read more.
Dirk Auer, Geoffrey A. Manne
In March of 2019, the European Commission slapped another fine upon Google for infringing European competition rules (€1.49 billion this time). This brought Google... Read more.
Jeffrey T Macher, John W Mayo
A growing narrative has arisen that antitrust regulators have systematically relaxed enforcement over time. This narrative has led to calls for reinvigorated enforcement and the passage of new tougher antitrust legislation. Read more.
Lumine van Uden
Judgments on a party’s inability to pay a cartel fine are relatively rare. If such a judgment is issued, it often raises many questions, in part because the actual assessment of the undertaking’s inability to pay request is generally marked as confidential. Read more.
Maarten Pieter Schinkel, Leonard Treuren
The green antitrust movement aims to increase sustainability efforts by allowing restrictions of competition. Yet the economic evidence so far points to more, not less, competition as the right stimulus for inducing sustainability efforts. Incentives to produce more sustainably are stronger when firms compete than when they are allowed to make sustainability agreements. Read more.
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Kind regards, Valur Þráinsson, Founder of CompetitionFeed.com. Email: valur@competitionfeed.com
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