The Indian Competition Authority operationalizes a new Settlements and Commitments mechanism and issues Penalty Guidelines allowing fines of up to 10% of global turnover for violations of the Competition Act
In a key legislative development to the antitrust regime in India,various provisions of the Competition (Amendment) Act, 2023and their implementing regulations have been recently notified: operationalizing the Settlements and Commitments mechanism; and empowering the Competition Commission of India (“CCI”) to impose significantly higher penalties and introdu
