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Karimi & Associates Law Firm presents according to Reuters: Vice chairman of the China Securities Regulatory Commission, Fang Xinghai said China is expected to release its first futures law in 2022 after considering it for years, which will help further regulate the derivatives market. He also reiterated that China will allow more foreign traders to participate in domestic markets while deepening price influence of existing products such as crude oil, iron ore […]

Karimi and Associates Law Firm presents according to Jurist: Italy’s competition authority (AGCM), announced that it fined Amazon € 1,128 billion ($1.28 billion) for harming its dominating market position and damaging competitors in the e-commerce logistics industry. The AGCM claimed that Amazon provides merchants who use Fulfillment by Amazon (FBA), with advantages in terms of visibility and sales, including access to Amazon’s “Prime” label. According to the commission, Amazon took advantage in

Karimi & Associates Law Firm represents according to Reuters: The U.S. Supreme Court declined Johnson and Johnson’s bid to throw out the Mississippi state’s lawsuit regarding claims that this company has failed to inform customers about dangerous materials used in its products. In 2014, Mississippi state filed a lawsuit against Johnson and Johnson and claimed that this company failed to inform customers about existing talcum in its products which caused cancer. The lawsuit

Karimi & Associates Law Firm represents according to Deutsche Welle: The EU sends a formal notice of starting an infringement process against Warsaw, Poland due to violating EU law and undermines its primacy over Poland’s national judiciary. The European Commission warns that Poland would be condemned to financial penalties for failing to comply with EU law. Also, Warsaw has two months to reply to the EU’s legal notice. The European Commission “has

Karimi & Associates Law Firm represent According to Reuters:  A U.S. appeals court upheld Google’s settlement of a long-running class action lawsuit over assertion that Google illegally collected personal data through Wi-Fi from an estimated 60 million people with its vehicle for Street View program. Google was accused of having inadvertently collected the data while driving its vehicles through neighborhoods from 2008 to 2010 to collect photos for Street View. In June

Karimi & Associates Law Firm represents according to Republicworld: Tesla was slapped with litigation by its investor David Wagner over the CEO of Tesla. Wagner asserted that the Tesla CEO, Elon Musk’s survey, as a tweet, on 10% stock sale caused a remarkable deduction in Tesla stocks. As per the lawsuit, the plaintiff asked for investigation about whether Musk’s tweet violates his last obligation to approve his social media contents under surveillance

Karimi & Associates Law Firm represents according to Jurist: A Moscow court said it was fining Alphabet’s Google (GOOGL.O) 7.2 billion rubles ($98 million) for what it said was a repeated failure to delete content Russia deems illegal, the first revenue-based fine of its kind in Russia. This is the first time a Russian court has imposed a revenue-based fine under the new amendments to the Code of the Russian Federation about

Karimi & Associates Law Firm represent According to Economic Times: The Competition Commission of India (CCI), ordered a detailed investigation against Apple over allegations that the world’s largest technology company has abused its dominant position by owning apps that compete with third party developers, levying a commission of as much as 30% for in-app purchases and not allowing other payment mechanisms. The order came after an NGO, Together We Fight Society, filed

Karimi & Associates Law Firm represents According to New York Times: The US International Trade Commission (USITC) determined that Google infringed on audio patents held by Sonos, a domestic developer of audio products. The ruling could impact Google’s device imports, but the company has also already submitted redesigns of the controversial technology. Google later filed a countersuit against Sonos, claiming that Sonos was infringing on its patents. The patents in question cover

Karimi & Associates Law Firm represents According to Reuters: The creator of the game “PlayerUnknown’s Battlegrounds” says in a new U.S. lawsuit that a Singapore-based company made rip-off versions of its game, and Apple and Google have refused to stop selling them. Krafton Inc alleged in a Los Angeles federal court complaint that Garena Online’s “Free Fire” games copy several copyrighted aspects of PUBG: Battlegrounds, including its game structure and in-game items,