News & Publications
12 November 2014
GCR Immunity, Sanctions & Settlements Know-how - India
Karan Singh Chandhiok and Vikram Sobti have co-authored “Immunity, Sanctions & Settlements – India” [PDF] in Global Competition Review. The chapter is an extract from GCR Immunity, Sanctions & Settlements Know-how -www.GlobalCompetitionReview.com.
The chapter discusses the Competition Commission of India's leniency program and the essentials of a successful leniency application; status of individuals and officers; the manner to secure a marker; and the possible reduction in cartel fines.
11 September 2014
C&A Competition Law Roundup - August 2014
While antitrust enforcement in other jurisdictions has looked at cartels in the automobile spare parts sector, India and China have proceeded against auto majors for distorting competition in the aftermarket for spare parts. Recent decisions and investigations indicate CCI’s enforcement focus on protecting customer interest and preventing exploitative practices. Last month has been extremely busy for competition law with the CCI confirming a first phase – II investigation in the proposed merger of Sun Pharma and Ranbaxy Laboratories; the COMPAT affirming the NSE abuse of dominance decision; and the Supreme Court refusing to stay the penalty on DLF.
11 November 2014
Karan Singh Chandhiok quoted in PaRR
Karan Singh Chandhiok, Partner and Practice Head - Competition and Disputes quoted in Policy and Regulatory Report's (PaRR) article titled "India's auto parts case facing constitutional, competition challenges"
C&A Partner ranked in Chambers & Partners 2015
Karan Singh Chandhiok, Practice Head - Competition and Dispute Resolution has been ranked as a leading lawyer for competition/anittrust in India by Chambers & Partners Global 2015.
26 February 2015
Delhi High Court passes landmark judgment in respect of director/ individual liability under the Competition Act
In three separate writ petitions filed by the directors of VeriFone India Sales Private Limited (VeriFone), the Delhi High Court has clarified that the Competition Commission of India (CCI) can simultaneously proceed against an enterprise and its directors and officers in a single composite proceeding. The directors of VeriFone had challenged the CCI's order directing the directors of VeriFone to provide comments and objections to the report prepared by the Director General.
In their petitions, the VeriFone's directors stated that the proceeding against them was premature and the CCI could only proceed against them once it had found VeriFone guilty under the Competition Act, 2002.
The High Court held that the scheme of the Act does not contemplate two distinct proceedings. The directors can file their objections to the Director General's report, without prejudice to the enterprise's guilt.
The judgement of the Delhi High Court can be accessed here.
Chandhiok & Associates represented the Competition Commission of India in the three writ petitions.
27 May 2015
PaRR quotes Karan Chandhiok on the CCI's investigation into Ericsson's SEPs and Ericsson's challenge to the CCI's jurisidction before the Delhi High Court
Karan Singh Chandhiok, Partner and Practice Head - Competition and Disputes quoted in Policy and Regulatory Report's (PaRR) articles titled "Ericsson files petition challenging Indian regulator's third probe alleging abuse of dominance" and "Indian antitrust authority again restrained from passing orders against Ericsson"
20 November 2014
Chandhiok & Associates advises Kotak Mahindra Mutual Fund in its acquisition of schemes of PineBridge Mutal Fund
The Competition Commission of India (CCI) has approved the acquisition of the domestic schemes (Schemes) of PineBridge Mutual Fund by Kotak Mahindra Mutual Fund. Kotak Mahindra Mutual Fund is India’s ninth biggest fund in terms of assets under management.
The transaction envisages Kotak Mahindra Asset Management Limited (a wholly owned subsidiary of Kotak Mahindra Bank Limited) acquiring the right to manage and administer the Schemes from PineBridge Investments Asset Management Company (India) Private limited. The trusteeship of the Schemes shall also be transferred from PineBridge Investments Trustee Company (India) Private Limited to Kotak Mahindra Trustee Company Limited.
The antitrust regulator noted that the deal was not likely to cause an appreciable adverse effect on competition in India; and that the combination will lead to an insignificant increase of 0.06% in the market share of Kotak Mahindra Mutual Fund.
Kotak Mahindra Asset Management Limited and Kotak Mahindra Trustee Company Limited were advised by Chandhiok & Associates on competition law aspects of the deal. The team from Chandhiok & Associates was led by Competition Law Practice Head – Karan Chandhiok and included Senior Associate, Vikram Sobti and Associates, Arshi Acquil and Bharat Aggarwal.
06 July 2015
C&A eAlert: Competition Commission of India amends Combination Regulations
"The Competition Commission of India (CCI) earlier today published The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2015. The amendments are the culmination of the CCI’s annual exercise of updating the regulations that deal with the procedural aspects of merger control in India. Our July 2015 e-Alert [PDF] summarises and comments on the latest edition of the combination regulations.