Friday, March 5, 2021
China
On Feb. 7, 2021, the Anti-monopoly Committee of the State Council issued the Anti-monopoly Guide for the Platform Economy Sector (the “Platform Guide”). The Platform Guide represents a finalization of a previous draft released in November 2020. The rules under the Platform Guide apply to activities of the internet platform economy.
Highlights of the Platform Guide include the following:
Definition of the Relevant Market. In contrast to the general requirement that a market must be clearly defined before assessing market harm, the Platform Guide appears to create an exception when investigating cases in the internet platform economy. Article 4.3 of the Platform Guide suggests that there may be instances where the relevant market is not required.
2 men found guilty over maglev train project bid-rigging japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.
Mar 1, 2021
When Honda Motor Co. stopped using Sumitomo Mitsui Trust Bank Ltd. as its stock transfer agent last year, the automaker was hit with a roughly ¥426 million termination fee, according to two people familiar with the matter.
The break fee ¥2,000 ($19) per shareholder is a little-known practice among Japan’s biggest trust banks applied when they lose a client in the shareholder record-keeping business, multiple insiders say.
The bank to which the client transfers typically pays the fee. Insiders say this arrangement keeps a profitable business in the hands of a few big trust banks because newcomers balk at the cost. One departing client was told the charge was an “industry custom.”
Exclusive - An industry custom : Little-known fees help Japan trust banks dominate profitable niche market yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Two men found guilty of bid-rigging for Tokyo-Osaka maglev Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Former executives of Kajima Corp. and Taisei Corp. were found guilty Monday of rigging bids for construction work on the Tokyo-Osaka maglev train project. | KYODO
Kyodo Mar 1, 2021
The Tokyo District Court on Monday found two men guilty of rigging bids for construction work on the Tokyo-Osaka maglev train project involving four major contractors.
The court handed down an 18-month prison term, suspended for three years, to both Ichiro Osawa, a 63-year-old former civil engineering sales division manager of Kajima Corp., and Takashi Okawa, a 70-year-old former managing director of Taisei Corp.