The Office for the Protection of Competition recently issued two
press releases
1 in which it confirmed one fine and
imposed another on non-cooperative competitors, the first for an
obstruction during a dawn raid and the second for not replying to a
request for information.
Obstruction during dawn raid
The chair of the office dismissed an appeal by EGEM sro against
a Kc2.36 million (€90,075) fine for obstructing a raid. The
fine was imposed in September 2019, following an on-site
investigation at the company s premises, during which EGEM
promised to ask its managing director to be present in person
together with his work electronic devices, which were supposed to
To print this article, all you need is to be registered or login on Mondaq.com. There has been a debate about building into statutes,
criminal liability for acts that are civil in nature. Hence, for
Companies Act, certain amendments are proposed to be made that will
correct this.
1
The views expressed in this excerpt from India s 2020-2021
Union Budget Speech have been incorporated in the Ministry of
Corporate Affairs (
MCA ) 2020
amendment to the Companies Act, 2013. The MCA has facilitated the
ease of doing business in India by introducing significant
compliance and other relaxations to companies, as well as to their
To print this article, all you need is to be registered or login on Mondaq.com.
The Government of Canada has announced updates to the
transaction size thresholds for review under
the
Competition Act and
Investment
Canada Act. The updated thresholds decreased slightly under
both acts from the 2020 thresholds, which may result in more
transactions that will be subject to review than there were last
year.
Competition Act
Transactions that exceed both the (i) transaction-size
threshold, and (ii), the party-size threshold, require pre-closing
merger notification to the Competition Bureau before they can
close.
Transaction Size Threshold: The transaction size
threshold has decreased from $96 million to
New thresholds for mergers and acquisitions under the
Competition Act and
Investment Canada Act are now
in effect. These thresholds are adjusted annually based on GDP
formulas and, for the first time, they have decreased. This was a
result of Canada s economic contraction due in large part to
the COVID-19 pandemic.
Under the
Competition Act, the threshold change is not
mandatory and the government s recent approach to the annual
adjustment suggests a belief that the notification threshold should
remain low: it was unchanged in 2020 (when it could have increased
per the GDP formula) and decreased this year (when it could have
Welcome to the February issue of
Blakes Competitive
Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group.
Blakes
Competitive Edge provides an overview of recent developments
in Canadian competition law, including updates on enforcement
activity by the Canadian Competition Bureau (Bureau), recent
initiatives and key trends.
Key Highlights
The number of completed reviews in January 2021 (15) is only 13
per cent lower than the number of completed reviews from January
2020 (17) and 27 per cent lower than the number of completed
reviews from January 2019 (19), continuing to suggest that the
number of filings is recovering after the reduction in filings
observed in 2020 as a result of COVID-19.