Insights
Indian competition law roundup July 2020
August 11, 2020Indian Competition Law Roundup: July 2020
In this Roundup, we highlight the main developments in Indian competition law in July 2020.
Statement of the BRICS Competition Authorities on COVID-19
The Heads of the BRICS Competition Authorities of Brazil, Russia, India, China and South Africa issued a Statement on COVID-19.1 The Authorities noted the significant impact of the pandemic on all aspects of global economic stability, especially in developing countries and recognised the integral role of competition policy and enforcement in protecting consumers and supporting business during the pandemic and optimally overcoming the consequences of the Post-COVID economic crises. After expressing their intention to join efforts in combating negative economic consequences, by sharing their experiences, information and practices on developing competition, the Authorities agreed to extend cooperation and exchange information on the elaboration of competition measures aimed at resuming economic sectors. They also pointed to promoting awareness of citizens by increasing the transparency of enforcement procedures.
