Amazon.com Nv Investment Holdings Llc
Case brief
What is this about?
The Competition Commission of India approved Amazon's proposed 0.51% investment in Quess Corp Limited under Section 31(1), finding no appreciable adverse effect on competition in India despite existing service agreements.
What did the court decide?
approval of the proposed combination under Section 31(1) of the Competition Act, 2002
What the court decided
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2019/08/680)
6th September, 2019
Notice under Section 6 (2) of the Competition Act, 2002 filed by Amazon.com NV Investment Holdings LLC.
CORAM:
Mr. Ashok Kumar Gupta Chairperson
Ms. Sangeeta Verma Member
Mr. Bhagwant Singh Bishnoi Member
Order under Section 31(1) of the Competition Act, 2002
- On 13th August, 2019, the Competition Commission of India (Commission) received a notice under sub-section (2) of Section 6 of the Competition Act, 2002 (Act) filed by Amazon.com NV Investment Holdings LLC (“Amazon” / “Acquirer”) . The notice was given pursuant to the execution of Share Purchase Agreement ( SPA) entered into between Acquirer and the Quess Corp Limited ( “Target” ) and an Investment Agreement between Acquirer, the Target and wholly owned subsidiary of the Target, QDigi Services Limited (“ Target Subsidiary ”), each dated 12.07.2019. (Incase dates are same) (Hereinafter, Acquirer and Target are collectively referred to as the “ Parties ”).
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition of 0.51% equity in Quess Corp by Amazon would have an appreciable adverse effect on competition.
Whether existing business restrictions between the parties are ancillary to the proposed combination.
Parties & counsel
- petitioner
Amazon.com NV Investment Holdings LLC
Coram
Ashok Kumar Gupta
Sangeeta Verma
Bhagwant Singh Bishnoi
Case details
As recorded by the court registry
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