2018 saw an evolution of the competition regime based on global best practices with CCI's core focus being on enforcement and deterrence of cartels, promotion of leniency regime and amendment of combination regulations. This update summarises some of the key developments in the past year and gives a brief overview of what can be expected in 2019.
THE YEAR THAT WAS
The year 2018 was a significant year for competition law jurisprudence in India.
Key judgments in relation to anti-competitive conduct and leniency were delivered by the Competition Commission of India (CCI) and the appellate forums under the Competition Act, 2002 (Competition Act), i.e. the National Company Law Appellate Tribunal (NCLAT) and the Supreme Court of India (Supreme Court).
On the merger control front, the CCI carried out is annual review of the Competition Commission of India (Procedure in regard to the Transaction of Business relating to Combinations) Regulations, 2011 (Combination Regulations) and made amendments to the Combination Regulations based on stakeholder comments.
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