2024-09-19 09:00:09
Regulation
Business
European Court Curbs Booking's Price Parity Policies
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Economy
Technology
Finance
Google's Alphabet unit won court challenge against €1.5 billion EU fine for illegally preventing rivals like Yahoo and Microsoft from placing ads on third-party websites; EU's General Court said regulators made mistakes in probe duration. Ruling can be appealed at EU's top tribunal, the Court of Justice. Comes after EU antitrust chief Margrethe Vestager's victories against Google's €2.4 billion antitrust penalty and Apple's €13 billion Irish tax bill, in her bid to rein in Silicon Valley, partly..
stern
European Court of Justice rules on Booking's best price clauses
Economy
The European Court of Justice (ECJ) in Luxembourg will announce its judgment on Thursday at 9:30 a.m. in the legal dispute between the Dutch booking platform Booking.com and dozens of German hotels. It is about so-called best price clauses that Booking imposed on hotels until February 2016. According to these, they were not allowed to offer their rooms on their own website at a lower price than on Booking. (Case C-264/23)
EL PAÍS
European justice puts a stop to the clauses that Booking imposed on hotels to maintain the same prices
Economy
Finance
The Court of Justice of the EU declared Booking's price parity clauses illegal; the European Commission and national authorities fined Booking, categorized as a "gatekeeper" alongside Apple, Microsoft, Meta, Alphabet, Amazon, and ByteDance, for abusing its dominant position and violating the Treaty on the Functioning of the EU and the LDC; Booking eliminated its price restriction policy on July 1; the Amsterdam District Court is reviewing an appeal from Booking; AEDH and Eskariam are considering..
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