| BANKING AND FOREIGN EXCHANGE | | COMPETITION LAW | - The Federal Trade Commission (FTC) sent eightletters to jewelry marketers warning them that some of their online advertisements of jewelry made with simulated or laboratory-created diamonds may deceive consumers, in violation of the FTC Act. [April 02, 2019]
For more information, please access – https://www.ftc.gov/news-events/press-releases/2019/03/ftc-sends-warning-letters-companies-regarding-diamond-ad - The Federal Trade Commission (FTC) joins FDA in sending warning letters to companies advertising and selling products containing Cannabidiol (CBD) claiming to treat Alzheimer’s, Cancer, and other diseases [April 02, 2019]
For more information, please access – https://www.ftc.gov/news-events/press-releases/2019/04/ftc-joins-fda-sending-warning-letters-companies-advertising - The Federal Trade Commission (FTC) Court Rules favor against predatory academic publisher OMICS Group; Imposes $50.1 million judgment against defendants that made false claims and hid publishing fees [April 03, 2019]
For more information, please access – https://www.ftc.gov/news-events/press-releases/2019/04/court-rules-ftcs-favor-against-predatory-academic-publisher-omics - The Federal Trade Commission (FTC) Hearings on Competition and Consumer Protection in the 21st Century Continue with Discussion of the FTC’s Approach to Consumer Privacy [April 08, 2019]
For more information, please access – https://www.ftc.gov/news-events/press-releases/2019/04/ftc-hearings-competition-consumer-protection-21st-century - The Competition and Markets Authority (CMA) has today launched a consumer law investigation into Nintendo Switch, PlayStation and Xbox to find out whether their auto-renewal terms are unfair [April 05, 2019]
For more information, please access – https://www.gov.uk/government/news/cma-to-investigate-online-gaming-companies-roll-over-contracts - Antitrust: Commission sends Statement of Objections to BMW, Daimler and VW for restricting competition on emission cleaning technology [April 05, 2019]
For more information, please access – ReadMore - Antitrust: Commission sends Statements of Objections to Valve and five videogame publishers on “geo-blocking” of PC video games [April 05, 2019]
For more information, please access – ReadMore - Online Lending Company Agrees to Settle the Federal Trade Commission (FTC) Charges It Engaged in Deceptive and Unfair Loan Servicing Practices [April 15, 2019]
For more information, please access – https://www.ftc.gov/news-events/press-releases/2019/04/online-lending-company-agrees-settle-ftc-charges-it-engaged
| ENERGY | | MINING | | NEWS | - Supreme Court (SC) quashes RBI circular on debt resolution [April 03, 2019]
For more information, please access – https://economictimes.indiatimes.com/industry/banking/finance/banking/supreme-court-strikes-down-rbis-february-12-circular-on-defaulting-firms-calls-it-illegal/articleshow/68682597.cms - The Securities and Exchange Board of India (SEBI) comes up with system audit framework for AMCs/MFs, asks to form technology committee [April 11, 2019]
For more information, please access – https://economictimes.indiatimes.com/markets/stocks/news/sebi-comes-up-with-system-audit-framework-for-amcs/mfs-asks-to-form-technology-committee/articleshow/68836365.cms - National Company Law Appellate Tribunal (NCLAT) asks winning bidder to raise offer for United Seamless [April 11, 2019]
For more information, please access – https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/nclat-asks-winning-bidder-to-raise-offer-for-united-seamless/articleshow/68826423.cms - Reserve Bank Employees are not Central Government Servants, says Madras High Court (HC) [April 14, 2019]
For more information, please access – https://www.livelaw.in/news-updates/rbi-employees-are-not-government-employees-144280 - Supreme Court empowers home buyers to claim refunds [April 15, 2019]
For more information, please access – https://economictimes.indiatimes.com/wealth/real-estate/supreme-court-empowers-home-buyers-to-claim-refunds/articleshow/68882987.cms
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