STA Law Firm has a team of settlement experts to represent secured creditors, debtors, trustees, equity holders and suppliers....
Read more informationCorporate Law Firm in UAE-& across MENA. Corporate Lawyers in Dubai...
Read more informationSTA Law firm has a dedicated team of franchise lawyers who advises and counsels the franchise arrangements, structuring franchise programs, franchise network and distribution. ...
Read more informationSTA - Expert Team of Commercial & Contracts Lawyers in Dubai & UAE...
Read more informationSTA Law Firm is one of the leading law firm in Banking and Finance, Capital Markets, DIFC, Compliance and Regulatory practices. ...
Read more informationContact our expert team of property lawyers in Dubai & across UAE....
Read more informationSTA Law Firm's team of employment lawyers in Dubai, Abu Dhabi and across UAE advise universities, engineering & shipping firms, banks, & other industries...
Read more informationIntellectual Property Law Firm. Patent, Trademark Registration UAE...
Read more informationTechnology & Media Law Firm in Dubai - Expert Lawyers...
Read more informationSTA has a dedicated team of fraud & criminal lawyers in Dubai & UAE...
Read more informationShipping Law Firm in Dubai | Offices - Middle East, Asia & Europe....
Read more informationMergers and Acquisitions Law Firm in Dubai and United Arab Emirates...
Read more informationIn today’s competitive business environment the mining industry is becoming a very attractive option for foreign investors. New projects are being launched, but we can appreciate that foreign investors will find the mining industry......
Read more informationSTA lawyers recognize that the healthcare industry comprises of a variety of individuals, professions, teams and organisations that may need our legal services. We have considerable knowledge and experience......
Read more informationClients rely on and trust STA's banking lawyers to take a timely, practical and individually tailored approach to meet specific requirements of our clients. ...
Read more informationInsurance Practice at STA - Expert Insurance Lawyers in Dubai & UAE...
Read more informationSTA is a leading technology and media law firm in Dubai & across UAE...
Read more informationHospitality Lawyers in UAE - Expert Advice to Hospitality Industry...
Read more informationSTA’s seasoned team of property lawyers in Dubai, Abu Dhabi and across the UAE have thorough and extensive knowledge and experience in dealing with construction and real estate law matters. Learn more about our expertise and our team of property lawyers...
Read more informationSTA's lawyers in UAE specialize in all areas of contentious as well as non-contentious discipline in oil and gas industry and advice on both upstream and downstream work. Consult one of our Senior Energy Lawyers in Dubai or other offices today!...
Read more informationCombining variety of practice disciplines to provide extensive advice and counsel to clients, STA’s FMCG practice represents companies in a broad range of industries including large scale franchisors, Fortune 250, and multinationals ...
Read more informationShipping and Maritime Law Firm - UAE, Middle East, Asia and Europe. Expert advice on ship building, ship fiance, sale and purchase, compliance, due diligence and more. Our lawyers advice on all types of vessel including bulk carriers, tankers, cruise ships, offshore rigs and support vessels....
Read more informationSTA's Team of Lawyers in Abu Dhabi, Bahrain, Doha, UAE, Luxembourg, Moscow, RAK, Sharjah, and Singapore. Find a Lawyer. ..
Read more informationIndian Competition Amendment Bill
With the advent of a continually evolving digital economy, the Indian legislature shifted its focus to the India Competition Law to ensure that it is in line with the digital markets. As a result of this, the new amendment Bill namely the Competition Amendment Bill 2020 was brought forward with major changes with respect to the mergers and acquisitions and as per the Amendment Bill, 2020, those mergers and acquisitions which have or might have an appreciable adverse effect on competition, considering their volume of or the manner of data processing by the parties, shall be held as violative of the Competition Act.
Big data is defined as a vast set of information that contains all of an individual's online actions, and it is this data that assists both companies and customers in making purchasing and research more personalised in nature, thereby commercialising the data of the consumers. Big data mergers, which have been at a twofold rise between the years 2008-2015 as per the OECD Report, are not investigated by the Competition Commission of India (CCI) until they exceed the threshold set out in Section 5 of the Competition Act (which is based on the asset turnover approach). Now, the Amendment Bill does not give the CCI direct authority to deal with Big Data mergers; rather, it gives the Central Government the authority to decide, in consultation with the CCI, to bring forth any other approach, other than asset turnover, to notify a merger transaction to the CCI, as long as the said approach is in the public interest.
But the said amendment has been criticized on the grounds that, what exactly does the term public interest means has not ben defined under the amendment and that the said amendment does not actually provide for protection of public interest and secondly that the said amendment has diluted the power of the CCI as the power to decide the threshold has been provided to the Central Government. Apart from this, another way in which the powers of the CCI have been diluted is that the amendment provides for the formation of a governing body that would include members appointed by the Central Government. Thu, though there is a need to govern the digital landscape with respect to mergers of big data companies, it is important that the CCI is provided with more powers through the new amendments rather than dilution of its powers.