Archive for the 'Associations' Category
October 28, 2010
The Competition Bureau announced today that Cargolux Airlines International S.A. had plead guilty in Federal Court and was fined $2.5 million for its participation in an air-cargo price-fixing cartel impacting Canada.
October 24, 2010
Following a Special General Meeting earlier today, member boards of The Canadian Real Estate Association (CREA) ratified a settlement with the Competition Bureau to end the four year MLS abuse of dominance case.
October 5, 2010
We understand from our recent discussions with the Bureau that the Bureau has decided to shelve its proposed Draft Information Bulletin on Trade Associations, issued in draft in 2008 for public consultation.
September 30, 2010
Earlier today, the Financial Post and others reported that The Canadian Real Estate Association (“CREA”) has negotiated a settlement (consent agreement) in the MLS abuse of dominance case. According to the Financial Post, CREA and the Competition Bureau have reached a settlement that will need to be ratified by CREA’s member real estate boards.
September 20, 2010
“A [compliance] program also plays a crucial role for trade associations because trade associations face unique compliance issues. Given that an association provides a forum where competitors collaborate on association activities, trade associations are exposed to greater risks of anti-competitive conduct. A number of past Bureau cases have involved trade associations that were engaged in agreements to harm competition. It is therefore critical that trade associations implement credible and effective programs with strict codes of ethics and conduct. Such programs may allow trade associations and its members to avoid improper actions and to protect themselves from being used as a conduit for illegal activities. They may also allow trade association members to fully benefit from the association’s activities while reducing the potential for inadvertent contraventions of the Acts.” (Competition Bureau, Corporate Compliance Programs Information Bulletin)
September 1, 2010
We are pleased to announce that our recent note on the CREA abuse of dominance case (“The CREA Abuse of Dominance Case: Competition Bureau Challenges Organized Real Estate in Canada”) was published today in Competition Policy International’s Antitrust Chronicle (Canadian edition). For a link to the note and other Canadian competition/antitrust law notes published by Competition Policy International, see: Competition Policy International – Antitrust Chronicle – Canada Edition.
August 26, 2010
We are pleased to provide this global competition/antitrust law update from our friends at the leading Singapore firm Rajah & Tann LLP.
August 19, 2010
From our friends at the leading Indian firm Luthra & Luthra.
Merger control
The provisions relating to regulations of combinations (which includes acquiring of shares, voting rights, assets or merger/amalgamation- it can be broadly referred to as ‘merger control’) have not yet been made effective by the Government of India. Till a month ago, the media reports indicated that the Government may promulgate an Ordinance by the President. Of late, it is being contemplated that the Government instead of an ordinance, will now move a Competition Amendment Bill shortly in the Parliament in order to address concerns relating to timelines of clearance of the notifiable transactions and also to provide additional filter of local nexus for a transaction to make the provisions applicable. These clearly indicate that M & As provisions will take some more time before they come into force.