BREAKING: the CJEU sets new criteria to assess excessive pricing under competition law

Yesterday the Court of Justice of the European Union ruled on one of the hottest antitrust issues of 2017: excessive pricing.

It was Commissioner Vestager in late 2016 who set the antitrust radar of the European Commission on these conducts, which were considered a bit like unicorns until last year: traces of them were visible only on old handbooks. Following the Commissioner’s speech, the European Commission launched an investigation against Aspen Pharma for alleged excessive pricing in May 2017 (everywhere but in Italy, where Aspen had already been fined by the Italian Competition Authority, see here).

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China’s first Internet Court

On 18 August, China has officially launched its first “Internet Court” in Hangzhou, which city is known as the Chinese e-commerce capital, and is home to Internet giants such as Alibaba and NetEase. The name “Internet Court” has a two-fold meaning: First, this court specializes in resolving Internet-related cases including disputes regarding contacts of online shopping, services and microfinance loans, Internet copyright disputes and domain name disputes etc. Second, all court proceedings in this court can be conducted via an Internet platform. Located in a normal court building in Hangzhou shared with another local court, the Internet Court is nevertheless ready to accept cases filed electronically from all over the country, to hold online mediations, to examine electronically submitted evidence, to hold oral hearings with litigants via video conference, to deliver judgements and to accept applications for enforcement orders, all via Internet. Continue reading “China’s first Internet Court”