With unconfirmed rumours that internet giant Google is set to take on Uber with its own ride-sharing offering, Jonathan Cornthwaite,partner and head of competition law at Wedlake Bell, analyses what competition authorities might have to say.
News reports of banks being caned by regulators have, alas, become so frequent that it is all too easy to overlook them. Which can sometimes be a pity, for the recent news that HSBC and First Trust Bank have been rapped over the knuckles by the CMA for 'bundling' has a significance that goes far beyond the banking industry.
The recipe for Coca-Cola is often cited as 'the world's most valuable trade secret'. That may still be the case, but the secret algorithm behind Google's search engines must be a close runner-up. So when Germany's Justice Minster recently called for the algorithm to be disclosed to him, it was enough to make a global giant like Google miss a step.