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UBS slams EU antitrust regulators for 'arbitrary' $186 mln cartel fine

UBS on Friday
criticised EU antitrust regulators over the way they calculated
its 172.4-million-euro cartel fine, saying the
arbitrary figure was based on inaccurate assumptions that
resulted in a. | June 9, 2023 ....

United States , Thomas Franchoo , Christian Riis Madsen , Sharon Singleton , Foo Yun Chee , European Commission , General Court , Ubs Group Ag Stock Exchange , Press Release , N Ubsg Ch0244767585 ,

UBS Calls EU Antitrust Fine Too High and «Arbitrary»

The EU Commission imposed a hefty fine on UBS in 2021, one that was too high, the Bank said. ....

Thomas Franchoo , Christian Riis Madsen , European Union , Eu Commission , European Commission ,

Top anti-Google investigator quits European Commission

Nicholas Banasevic, who led the charge against Google, will join the law firm Gibson, Dunn & Crutcher LLP. ....

Bruxelles Capitale , United Kingdom , Friis Madsen , Christian Riis Madsen , Brice Allibert , Cecilio Madero Villarejo , Guillaume Loriot , Olivier Guersent , Nicholas Banasevic , Margrethe Vestager , Gibson Dunn , European Commission , A Commission , While The Commission , Dunn Crutcher , Clifford Chance , Silicon Valley , Carles Esteva Mosso , Apple Music , Esteva Mosso , Big Tech , Business And Competition , Competition Antitrust ,

Gibson Dunn | "Digitalization Act": Significant Changes to German Antitrust Rules

ACR”) entered into force, also known as “GWB Digitalization Act” (the “
Amendment”).
With the passing of the Amendment[1], Germany is setting the pace for an ambitious goal: the regulation of digital platforms. As noted during the parliamentary discussion[2], the new provisions are specifically designed to provide the German Federal Cartel Office (
Bundeskartellamt) with an efficient instrument against alleged “Wild West methods” in the digital sector to keep digital markets open. The Amendment also introduces a number of other changes to the German Competition Act concerning,
inter alia, antitrust investigations procedure, leniency and cartel damage claims.
In the legislative process, the German Parliament has also implemented some last-minute changes to the merger control provisions: the two domestic turnover thresholds were increased from EUR 25 million to EUR 50 million, and from EUR 5 million to EUR 17.5 million. This major policy shift ....

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