Latest news with #CompetitionLaw
Yahoo
11-06-2025
- Business
- Yahoo
Türkiye competition watchdog to probe Coca-Cola İçecek
An investigation has been launched into Türkiye's Coca-Cola İçecek regarding a potential breach of the country's competition laws. The country's competition authority Rekabet Kurumu said yesterday (10 June) Coca-Cola İçecek's subsidiary Coca-Cola Satış ve Dağıtım (Sales and Distribution) was the subject of its probe. The investigation is to assess whether the group has "violated" the competition protection law Act no. 4054, by "imposing exclusivity on retail outlets and excluding competitors from outlets". Shares in Coca-Cola İçecek were down 2.47% to Tl51.30 ($1.31) around noon GMT today, following the announcement. The decision to investigate Coca-Cola İçecek's Coca-Cola Satış ve Dağıtım followed a preliminary inquiry in March. In a statement, Coca-Cola İçecek stressed the launch of the probe "does not necessarily mean that the company subject to investigation has actually violated The Act on the Protection of Competition No.4054 nor it will be subject to a penalty due to a violation of the Competition Law regulations". The Cola-Cola Satış ve Dağıtım business was already investigated by Rekabet Kurumu in 2021 for "preventing the sale of rival products at final sale points". In 2022, the competition authority accepted a "commitment package" from the business which looked to fix the competition issues. These pledges included offering discounts and promotions at sales points only to the same types of beverages. In its guidance for 2025 published in March, Coca-Cola İçecek said the group expected to be "cycling a difficult operating environment in 2024". It added: "We will focus on driving volume growth by prioritising affordability for consumers." For 2025, Coca-Cola İçecek anticipates "low to mid-single-digit growth" in sales volumes in Türkiye and "mid-to high-single-digit growth" for volumes its other global markets. The company also expects to see a "flat EBIT margin", accounting for inflation. In 2024, Coca-Cola İçecek's international volumes declined the most, by 3.6% to 934 million unit cases, attributed to "weakened volume momentum in Pakistan". Volumes in Türkiye stayed flat at 568 million unit cases. Consolidated volumes declined 2.2% to 1.5 billion unit cases. "Türkiye competition watchdog to probe Coca-Cola İçecek" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
03-06-2025
- Business
- Business Standard
Parliamentary panel to review IBC and propose reforms for efficiency
The Centre is expected to table an amendment Bill in the monsoon session as a parliamentary panel examines the Code amid concerns flagged by the Supreme Court Ruchika Chitravanshi New Delhi Listen to This Article A parliamentary panel is taking a comprehensive look at the Insolvency and Bankruptcy Code (IBC) to suggest the changes and measures that need to be taken to make it more efficient, a senior government official said. 'The committee is looking at IBC in totality, just as they did with the Competition Law as well,' the senior official said. The government is expected to bring the IBC Amendment Bill in Parliament in the upcoming monsoon session. Several Supreme Court rulings in the recent past have pointed to gaps in the implementation of the IBC, the latest being the Bhushan Power and
Business Recorder
31-05-2025
- Business
- Business Recorder
CCP holds awareness session on Competition Law for IIUI students
ISLAMABAD: An awareness session on 'Competition Law in Pakistan' was held at the Competition Commission of Pakistan (CCP) Headquarters for the students of School of Economics, International Islamic University, Islamabad (IIUI). Moderated by CCP's Deputy Director of Advocacy, Raja Taimur Hassan, the session commenced with a brief video showcasing the CCP's role, followed by a detailed presentation on Competition Law by Ahmed Qadir, Director General. Ahmed Qadir explained the fundamental of Competition Law, including those related to the cartelization, abuse of dominant position, deceptive marketing, prohibited agreements and mergers & acquisitions, to the students. He supplemented his presentation with case studies to demonstrate practical enforcement of competition law. He also highlighted the important role that Competition Law plays in fostering fair market practices, which are critical for economic growth. Students took keen interest and posed numerous questions regarding Competition Law and the work of the Commission, which were addressed by the officials of the Commission. Dr Babar Amin, Lecturer at the School of Economics, IIUI, commended the session, describing it as a crucial basis for students' comprehension of market dynamics and Pakistan's regulatory frameworks that govern and guide economic activity. Copyright Business Recorder, 2025
Jordan News
12-05-2025
- Automotive
- Jordan News
Consumer Complaints Down 13% in First Third of the Year - Jordan News
The number of consumer complaints received by the Consumer Protection Directorate at the Ministry of Industry, Trade, and Supply decreased by 13% during the first third of this year compared to the same period last year, according to figures released by the Ministry. اضافة اعلان Statistics show that the Directorate received a total of 315 complaints during the first third of 2025, compared to 360 complaints during the same period in 2024. Consumer complaints were primarily related to after-sales services, accounting for 157 complaints — nearly 49% of the total. This was followed by complaints about defective goods, which reached 90 complaints or about 29%. As for the top three sectors with the most complaints: First: Services sector with 97 complaints Second: Electrical appliances sector with 82 complaints Third: Automotive sector with 56 complaints Ministry spokesperson Yanal Barmawi stated that the decline in consumer complaints is largely due to awareness campaigns launched by the Ministry to educate citizens on the Consumer Protection Law, issued a few years ago to strengthen market oversight and consumer protection. Barmawi explained in a press statement that the Ministry has closed 209 complaints — 66% of all complaints received since the beginning of the year. Additionally, 24 warnings and 9 violations were issued. He added that the Ministry handles complaints based on applicable legislative provisions, including: Consumer Protection Law No. 7 of 2017 Industry and Trade Law Competition Law Ministerial Decision No. 99 on mandatory vehicle warranties. Barmawi noted that the Ministry receives complaints through various communication channels and works to resolve them in a way that satisfies consumers without harming the rights of providers, in coordination with relevant parties. 'If non-compliant providers fail to resolve the complaints, a formal notice is issued requiring them to rectify the issue within a specified period. If the issue is not resolved, a violation report is filed against them,' he said. The Ministry, through its Consumer Protection Directorate, also monitors markets and misleading advertisements by reviewing suppliers' websites and ensuring they comply with their published advertisements. It follows up on any reports of misleading ads and works to correct violations. Additionally, joint inspection campaigns are conducted with related authorities to oversee commercial establishments and providers. Barmawi also emphasized the Ministry's role in public awareness, which includes launching campaigns and awareness activities in collaboration with relevant entities. Among the key consumer tips are: obtaining a detailed purchase invoice and clear warranty terms, testing and inspecting items before buying (regardless of their type), and requesting the supplier's contact information when possible. Consumers can file complaints through the 'Bekhedmtkom' platform, the Ministry's official website, its Facebook page, or via WhatsApp at 0797527819. It's worth noting that Article (3) of Consumer Protection Law No. 7 of 2017 outlines the rights of consumers, including access to goods and services that meet their intended purpose without harming their interests or health, and access to complete and accurate information about the product or service and its sale conditions. The core tasks of the Consumer Protection Directorate include receiving and verifying complaints from consumers or consumer protection associations, monitoring misleading advertisements, and taking necessary action to address violations.
Business Recorder
09-05-2025
- Business
- Business Recorder
CCP holds awareness session on Competition Law: ‘Fair competition a must for sustainable economic progress'
ISLAMABAD: The Competition Commission of Pakistan (CCP), in collaboration with the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Islamabad, held an interactive awareness session on Competition Law. The session focused on the role of competition in promoting economic growth, investment, and consumer welfare. The session was led by Ahmed Qadir, Director General Advocacy and OIEA, and senior officials including Salman Zafar, Senior Director and Head of the Cartel and Trade Abuse Department, Mr. Noman Ahmed, Assistant Director, Mergers & Acquisitions, and Amin Akbar, Assistant Director, Office of Fair Trade. The event opened with a short video showcasing CCP's mandate and milestones. Delivering the keynote, Ahmed Qadir underlined CCP's vital role in ensuring open markets and safeguarding consumer interests. He emphasized that fair competition is essential for sustainable economic progress. Salman Zafar walked the audience through key provisions of the law. He highlighted the Commission's strong enforcement stance and reiterated the importance of collaboration with industry stakeholders like FPCCI. The FPCCI members showed keen interest on what constitutes abuse of dominance and how prohibited agreements affect businesses and consumers in Pakistan's economy. Atif Ikram Sheikh, President FPCCI, praised CCP's initiatives and affirmed FPCCI's support for promoting competitive markets. He noted that a fair and transparent business environment is critical for national economic advancement. He also urged the government to improve the business climate by streamlining regulations. The CCP and FPCCI have reached an agreement to collaborate in the future and to conduct similar sessions for the members of the FPCCI. During the Q&A segment, FPCCI members raised sector-specific queries covering agriculture, automobiles, edible oil, plastics, and furniture. The CCP officials addressed each concern in detail, reinforcing the Commission's commitment to stakeholder engagement and market transparency. Copyright Business Recorder, 2025
