Italian court cuts 1.1-billion-euro antitrust fine on Amazon

Italian court cuts 1.1-billion-euro antitrust fine on Amazon

ROME (Reuters) -An Italian administrative court has reduced a 1.13-billion-euro ($1.32 billion) fine imposed on Amazon in 2021 by Italy’s competition authority for alleged abuse of a dominant position, a ruling showed on Tuesday. The Lazio administrative court upheld the main findings by the regulator, but said the amount of the fine had to be recalculated, arguing that the watchdog had not adequately explained the reasons for including a discre…

Antitrust's 2021 1.12 bn Amazon fine slashed on appeal

An 1.12-billion-euro fine imposed late in 2021 on Amazon for abuse of its dominant market position by the Italian Antitrust authority was cut in half by the Lazio Regional Administrative Court (TAR) on Tuesday after the online retail giant appealed to it. (ANSA)

Italian Court Cuts Amazon €1.13bn Antitrust Fine Over Competition Abuse - Tech

An Italian court has slashed a fine against Amazon, reducing the €1.13 billion penalty imposed by the country’s competition authority in 2021 for abusing its top market position. The Lazio Regional Administrative Court confirmed on Tuesday that Amazon restricted competition in Italy’s e-commerce logistics sector.  However, it ruled that the Italian Antitrust Authority (AGCM) had wrongly applied a discretionary 50% surcharge to the original figur…