8 ms·
India is a sovereign country, their laws don't need to make sense. EU antitrust fines are also capped at 10% of the total turnover. http://ec.europa.eu/competi
by rmbe 13y ago
India is a sovereign country, their laws don't need to make sense.
EU antitrust fines are also capped at 10% of the total turnover. http://ec.europa.eu/competition/cartels/overview/factsheet_fines_en.pdf http://ec.europa.eu/competition/cartels/overview/factsheet_f...
- r0h1n 13y agoI will grant you your first point if you can point me to a specific Indian law that says cartelization fines are a function of a multinational's global sales? As to your link on EU fines, it very clearly states that fines are a percentage of "relevant sales", defined as "usually the sales of the products covered by the infringement". I don't know how you came to the conclusion that means global sales?