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RECORD FINE FOR QUALCOMM FOLLOWING ABUSE OF DOMINANCE INVESTIGATION IN CHINA

In a landmark decision released on 10 February, 2015, the Chinese National Development and Reform Commission (“NDRC”) announced that Qualcomm, the US chip manufacturer, had been fined RMB 6.08 billion (approximately US$ 975 million) for abuse of market dominance, including unfair licencing practices. The record fine, which is the largest on record in China, follows […]

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FCA fines firms and individuals over £340m for market abuse in 2013.

Kinetic Partners, the global professional services firm, has today released research showing that in 2013*, market abuse was a key priority for FCA enforcement. In 2013*, the FCA fined firms and individuals a total of £346,373,924 for market abuse related breaches. Kinetic Partners’ research also found that market abuse was the second most cited offense among […]

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