2024-09-19 09:00:09
Regulation
Business

European Court Curbs Booking's Price Parity Policies

Image used under license from Shutterstock.com
The Court of Justice of the EU has ruled against Booking.com, declaring its price parity clauses illegal. This decision marks a significant step in addressing the company's dominant position in the market, categorizing it alongside major tech giants like Apple and Amazon as a 'gatekeeper'. National authorities and the European Commission have imposed fines on Booking for violating the Treaty on the Functioning of the EU and the LDC, which has prompted the company to eliminate its price restriction policy as of July 1.

The court's ruling has empowered numerous hotels, particularly in Germany, to seek damages for the limitations imposed by Booking. Many hotels had been bound by these clauses, which prohibited them from offering lower prices on their own websites than those listed on Booking. As the Amsterdam District Court reviews Booking's appeal, the ramifications of this ruling continue to unfold, with organizations like AEDH and Eskariam considering collective legal action against Booking for compensation. This case underscores the ongoing scrutiny of online platforms and their impact on fair market practices, reflecting a broader trend of regulatory actions aimed at leveling the playing field for smaller businesses in the digital economy.
Companies - South China Morning Post
19. September 2024 um 02:09

Google wins EU ads abuse case, overruling €1.5 billion fine

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
19. September 2024 um 02:06

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
19. September 2024 um 08:19

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..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!