Unpacking South Korea’s Telecommunication Business Act and its Implications on In-App Payment Services by Tech Giants
Recently, the Competition Commission of India (“CCI”) found Maruti Suzuki, a household name in the automobile industry guilty of anti-competitive practices. A penalty of Rs.200 crores, the maximum monetary sentence possible under the Competition Act, 2002 (“Act”) was imposed in conjunction with a cease-and-desist order injuncting Maruti from indulging in the anti-competitive practice. In this Article, […]
Unpacking South Korea’s Telecommunication Business Act and its Implications on In-App Payment Services by Tech Giants
On 31st August 2021, South Korea became the first jurisdiction (globally) to legally ban the monopolies that companies such as Apple and Google hold over payments on in-app purchases. This is in terms of such companies receiving commissions from developers that charge in-app purchases that are hosted on the said companies’ app store(s). The country’s […]
The Chinese Personal Information Protection Law – A Stricter Version of EU’s GDPR (?)
Recently, the National People’s Congress of the People’s Republic of China (“NPC”) passed a privacy law – The Personal Information Protection Law (“PIPL”), which falls in resemblance to European Union’s (“EU”) General Data Protection Regulation (“GDPR”) in terms of its provisions. A draft of the laws been issued on two separate occasions (after subsequent amendments), the first version was […]
Tech Giants & Dominant Market Positions – Understanding the Underpinnings of Antitrust Suit by France against Google
Introduction ‘Competition’ encourages companies to offer consumers goods and services on the most favourable terms as per the European Commission’s (“EC”) Antitrust policy. Competition promotes efficiency and innovation, while providing prices and offers that are consumer-friendly. In order for market competition to be effective, although companies are required to act independently of each other, they […]
Retrospectively Scrapping a Retrospective Amendment – Understanding the Underpinnings of the Union Government’s Taxation Laws (Amendment) Bill, 2021
Introduction Retrospective tax can be defined as a tax imposed on a transaction or deal that was conducted in the past. Ideally, a retrospective tax is charged by authorities in order to make adjustments when policies in the past and the present are inconsistent in terms of the amount of tax paid by a particular […]