Russia’s state owned gas monopoly Gazprom is planning to send its final proposal to the European Union to settle antitrust charges, the company said in a statement on October 26. The same day it learned that the European Commission (EC) would allow it to use up to 80% of the contentious Opal pipeline.
One has to wonder how Lithuania lost its arbitration case against Gazprom: Not many of the Russian export giant’s customers have come away empty-handed after seeking a refund on what they have claimed were over-priced gas deliveries over a prolonged period: in this case from 2006-15. Lithuania managed it though, perhaps by not being specific enough in the claim of unfairness that it submitted to the Stockholm Chamber of Commerce.
This ‘final’ decision was, unsurprisingly, welcomed at Gazprom’s HQ, as it ends a long run of pay-outs, price cuts, and other concessions to the market formalised in new contractual terms.
Google showdown with the European Commission deepens as regulators finalise Android antitrust charges. Google could be facing European antitrust charges over its Android mobile operating system very soon, following a report in the Financial Times,which claims formal proceedings could be filed as soon as next Wednesday.
The European Union is preparing an antitrust complaint against Qualcomm over suspected predatory pricing. Qualcomm designs chipsets that power most of the world’s smartphones, licensing its technology across the industry.
Regulators are in the final stages of preparing a so-called statement of objections, based on a complaint by a unit of Nvidia Corp., that asked the EU to act against predatory pricing for mobile-phone chips. A draft complaint in the predatory pricing case, formally opened in July, is being discussed by EU officials.Nvidia filed a lawsuit against Qualcomm in British courts in September.
Qualcomm would add to a growing list of US. technology companies to face EU antitrust action, following probes into Google, Microsoft and Intel Corp. A statement of objections may lead to fines, capped at 10 percent of yearly global revenue, which can be avoided if a company agrees to make changes to business behavior.