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India to introduce ‘commitment and settlement’ clause in Competition Act

By Phoebe Seers ( October 21, 2019, 09:29 GMT | Insight) -- India is expected in the coming parliamentary session to introduce a mechanism by which firms can commit to correct or settle competition violations with the regulator before an investigation is completed. The move echoes a procedure followed in the EU, the UK and Singapore, and was driven by a desire to achieve time and cost savings in antitrust investigations.India is expected in the coming parliamentary session to introduce a mechanism by which firms can commit to correct or settle competition violations with the regulator before an investigation is completed....

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