Australia Obtains First "Misuse of Market Power" Settlement Under Amended Competition Law
By EsqSocial Corporation 13/05/21
Australia's competition authority settles allegations that port operator misused its market power. The Australian Competition and Consumer Commission ("ACCC") secured a declaration in its first action under Section 46 of the Competition and Consumer Act ("CCA"), amended in 2017, that prohibits "misuse of market power". The 2017 amendment prohibits a company with market power from pursuing conduct that has the purpose or effect (or likely effect) of substantially lessening competition....
By: Jones Day