European Commission imposes fine on Google for antitrust violations

The European Commission has imposed a fine totalling 2.42 billion euros on the internet giant Google for violating antitrust law.

The European Commission has imposed a fine totalling 2.42 billion euros on the internet giant Google for violating antitrust law.

The European Commission came to the conclusion that the internet company was abusing its dominant market position as a search engine operator. Specifically, the company was said to have favoured its own price comparison service in relation to those of competitors. The former was positioned right at the top of search results, whereas competitors" services appeared much further down when searching for online shopping deals and accordingly were clicked on less often. This was said to negatively impact competition in the price comparison markets.

In the Commission"s press statement from June 27, 2017, it stated that Google had thus secured an unlawful advantage for its price comparison service and violated EU cartel regulations, as this behaviour deprived competitors of the chance to win over consumers with the quality of their service. Furthermore, European consumers were being deprived of the chance to be able to make a proper choice between the various services. Google now has 90 days in which to refrain from this behaviour and apply the principle of equal treatment to rival price comparison services and its own service. Failing this, the company will be faced with the prospect of high penalty payments. Aggrieved competitors will also be able to submit damages claims under civil law following the European Commission"s decision. Notwithstanding this, the US firm has already announced that it may wish to go before the Court of Justice of the European Union.

Whether it be abuse of a dominant market position, illegal pricing arrnagments or other violations of antitrust law, these infringements can lead to heavy fines, something which we at the law firm GRP Rainer Rechtsanwälte note those involved in the truck cartel, for instance, now know all too well. That being said, antitrust law not only concerns the big sensational cases. Violations of antitrust law can occur unintentionally and unknowingly, e.g. due to individual contractual clauses violating existing laws. Severe penalties are equally possible in these cases.

For this reason, it is advisable to have agreements reviewed by experienced lawyers with a view to their implications from the perspective of antitrust law. Appropriate legal expertise is also crucial if violations of antitrust law or competition law have already occurred and claims need to be either fended off or enforced.

https://www.grprainer.com/en/legal-advice/antitrust-law.html (https://www.grprainer.com/en/legal-advice/antitrust-law.html)


Contact
GRP Rainer LLP
Michael Rainer
Augustinerstraße 10
50667 Cologne
Phone: +49 221-27 22 75-0
Fax: +49 221-27 22 75-24
E-Mail: info@grprainer.com
Url: http://www.grprainer.com/en


Contact Details

Company Name: GRP Rainer LLP
Issued By: Michael Rainer
Phone: +49 221-27 22 75-0
Address: Augustinerstraße 10
City: Cologne
State: Nordrhein-Westfalen
Zip: 50667
Country: Germany
Website: Visit the website

Keywords : Lawyer, Lawyers, Attorney,

by Michael Rainer (a month ago!)

Latest Press Releases

Text My Main Number Announced Major Shift of US Businesses toward Landline Texting

Global Department Stores Retailing 2015-2020: Ken Research

Global M-Health Device Market : Latest Research

Global Zinc Selenide Market Professional Survey Report 2017 to its Products Forecast – RAIN G..

Diesel Fuel Injection Systems 2017 Development, Trends, Share, Growth, Research and Market An..

Global Soil Testing, Inspection, and Certification Market Size, Status – ALS Ltd, Assure Qual..

Silicon Carbide Ceramics 2017 Annual Growth Value, Market Trends, Developments & Opportunities

5.1% CAGR Anticipated for Demineralized Whey Powder Ingredient Market During 2017-2027

Acoustic Wall Panels Market Forecasts, Size, Share, Regional Outlook 2017 to 2022

Rehm goes India

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.