EU antitrust rules News

EU Antitrust Enforcers Accept Offer From Irish Insurers’ Association

EU antitrust enforcers accepted on Thursday an offer from Irish insurers’ association Insurance Ireland to open up its data sharing platform to non-members and apply fair criteria to access it aimed at averting a possible hefty fine. Last year, the …

Major European Power Cable Suppliers Face UK Class Action Over Alleged Cartel

Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages over allegations that a cartel led to inflated electricity charges for at least 30 million consumers in Britain. The proposed …

Facing Antitrust Charges, Irish Insurer Group to Unlock Platform for Nonmembers

Irish insurers’ association Insurance Ireland has offered to open up its data sharing platform to nonmembers and apply fair criteria to access it in an attempt to end a near-three EU antitrust investigation and stave off a possible hefty fine. …

Amazon Appeals Record $865M Fine for Violation of EU Data Protection Rules

Amazon.com Inc. appealed a record 746 million-euro ($865 million) penalty for allegedly violating the European Union’s tough data-protection rules. The appeal was filed at the Luxembourg Administrative Tribunal on Friday [Oct. 15], according to Luxembourg court spokesman Henri Eippers. The …

EU Antitrust Regulators Extend Deadline to July 27 for Decision on Aon-Willis Deal

BRUSSELS – European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Wednesday. Aon, which announced the deal a year …

EU Regulators to Weigh If Antitrust Rules Fit for Today’s Global, Digital Markets

EU regulators will review two-decade old rules that determine if companies have the market power to throttle rivals or control prices to take into account globalization and digitalisation, Europe’s antitrust chief Margrethe Vestager said on Monday. Her announcement came amidst …