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EC Receives Third Antitrust Proposal from Google

12 Feb 2014
Written by World Watch

The European Commission (EC) has made available Frequently asked questions - [EC] obtains from Google comparable display of specialised search rivals (5 February 2014), advising that it has received from Google Inc (Google) an "improved commitments proposal ... in the context of the ongoing antitrust investigation on online search and search advertising".

Published in Competition

South Korea-based Asiana Airlines Inc (Asiana) president Kim Soo-cheon has stated that the airline is strengthening its operational safety systems as a matter of priority as well as upgrading its training and inspection procedures with the aim of establishing a corporate culture that is focused on safety.

The United States (US) Department of Justice (DoJ) antitrust division has released a statement (7 February 2014) on its decision to close its investigation into Samsung Electronics Co Ltd's (Samsung) use of certain patents known as standards-essential patents (SEPs) so as to "exclude certain Apple Inc products from the US market", despite having committed to licensing the SEPs to industry participants on non-discriminatory terms.

The United States (US) Department of the Treasury has released Enforcement information for January 27, 2014 (undated), advising that joint-stock commercial bank Bank of Moscow (BoM) has agreed to pay US$9,492,525 to settle allegations that it breached Executive Order 13382 - Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters (2005) by sending funds transfers totalling US$41,306,113 through the USA for or on behalf of the designated entity Bank Melli Iran ZAO Moscow Russia (BMI Russia).

Published in Anti-Money Laundering

The United States (US) Department of Justice (DoJ) has announced that Japan-based Diamond Electric Mfg Co Ltd's (Diamond Electric) former president Shigehiko Ikenaga and former vice president Tatsuo Ikenaga are to serve prison terms after agreeing to plead guilty to participating in an international conspiracy to fix the prices of ignition coils installed in Ford- Toyota- and Subaru-branded cars sold in the US and elsewhere.

Published in Competition

The Court of Justice of the European Union (CJEU) has handed down its judgment in C-355/12 Nintendo and Others v PC Box Srl and Others (23 January 2014) following the Tribunale di Milano in Italy's (the Milan District Court) request (26 July 2012) that the CJEU clarify the extent to which videogame console manufacturer Nintendo is legally protected under Directive 2001/29/EC (the Copyright Directive) to combat the circumvention of certain technological protections installed in Nintendo-manufactured equipment.

Chemicals and materials company WR Grace & Co (Grace) has announced that its Joint Plan of Reorganization (23 December 2010) (the Plan) (further information) commenced on 3 February 2014, marking the end of its 12-year-long period in bankruptcy and establishing two trust funds totalling more than US$4 billion to "compensate asbestos personal injury claimants and property owners".

The United States (US) Securities and Exchange Commission (SEC) has announced that public accounting firm KPMG has agreed to pay US$8.2 million to settle charges that it breached auditor independence rules.

Published in Conflicts of Interest

Google Powers Ahead on Green Energy Investments

30 Jan 2014
Written by World Watch

Google Inc (Google) has reached a deal with Eolus Vind AB (Eolus) to finance Eolus's construction of four new wind power plants in Sweden.

Verizon Communications (Verizon) has released its Transparency Report 2013, comprising United States (US) data and international (non-US) data (both dated 22 January 2014), which it says is "the first such report to be released by a telecommunications company".

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