merger control
Platinum Partners with Freshfields Bruckhaus Deringer advised UK oil and gas major BG Group on its sale of state-owned Gujarat Gas Company for over Rs 2,400 crore to Gujarat State Petroleum Corporation’s (GSPC) subsidiary GSPC Distribution Networks, involving India’s first long form merger control clearance.
Exclusive: The Competition Commission of India (CCI) rejected an amalgamation notice filed by Amarchand Mangaldas for Aditya Birla Nuvo, and AZB & Partners for retailer Pantaloon on 14 August. According to the regulator’s interpretation, the notice was premature and not in accordance with the Combination Regulations.
Exclusive: Economic Laws Practice (ELP) competition and trade law partner Samir Gandhi is joining AZB & Partners in Delhi as the first partner at the firm to focus on competition law full-time.
The Competition Commission of India (CCI) has cleared its fourth merger, with the Japanese Aica Kogyo Company takeover of the laminates division of the Bombay Burmah Trading Corporation.
Exclusive: As former director general of the Competition Commission of India (CCI) and the architect of the now established merger control department, Kaushal Kumar Sharma who left the regulator last month tells Legally India about wannabe competition lawyers, firmness, Bollywood, the CCI’s historical and future challenges and his plans as a free agent.
Exclusive: The Competition Commission of India (CCI) has cleared the $454m takeover of UTV by Disney today after 25 calendar days, with J Sagar Associates (JSA), AZB & Partners and Dhall Law Chambers advising.
The Competition Commission of India (CCI) would now be open to informal talks with advisers before final merger control filings: an amendment of the policy in its latest draft regulations.
Breaking: The long-awaited latest and probably final draft of the Competition Commission’s merger control rules are finally here, and the CCI appears to have listened to a number of key stakeholder concerns.
The Competition Commission of India (CCI) was notified with its full merger control powers late last, according to competition lawyers, which would take effect from 1 June.
The Competition Commission of India (CCI) has heard 80 cases relating to allegedly anti-competitive agreements and dominant positions of enterprises, as 50 cases were transferred from the erstwhile Monopolies and Restrictive Trade Practices Commission (MRTPC), said corporate affairs minister Salman Khurshid in the Rajya Sabha yesterday.
The Competition Commission of India (CCI) wants full ratification of its merger control powers under both section 5 and 6 of the Competition Act, which has languished unapproved for months. The CCI chairman Dhanendra Kumar said at a meeting that the CCI would like to give its consent for most M&A transactions within 30 days of filing, which was only possible if the government ratified both sections 5 and 6 of the Competition Act, according to the Financial Express and other papers. Section 5 states that an Indian company with a turnover of over Rs 3,000 crore can not acquire another company without the CCI’s prior notification and approval. Section 6 voids amalgamations which adversely and appreciably affect competition within a relevant market. Already in February Kumar said he was looking forward to speedy notification of the merger control guidelines.
Kumar also added that the CCI had received 118 cases to date, of which 24 had been dismissed after finding no violation of competition law and five were in the final stage of determination.