The significance of competition and anti-trust laws has risen due to intensified competition, unrestricted trade of goods and services, and reduced trade obstacles. King Stubb and Kasiva offers a diverse range of expertise in law, accountancy, and economics to provide counsel and litigation support to local and international firms on matters related to competition law in India. We assist in areas such as anti-competitive agreements, abuse of dominance, and global mergers and acquisitions.
The KSK team invests a significant amount of time and resources in comprehending industry-specific concerns according to the requirements of clients. We actively engage in various events and provide insights to esteemed publications regarding Indian competition law and policies. Our top competition law attorneys in India, frequently represents clients before the Director-General (DG) during investigations, CCI during inquiries, the National Company Law Appellate Tribunal (NCLAT) in appeals, and the High Court / Supreme Court.
KSK's Competition Law team has an established record of effectively guiding clients through extensive transactions, intricate investigations, and significant litigation. With the most extensive Competition Law practice in India, we serve clients across various economic sectors, such as heavy industry, energy, engineering, motor vehicle manufacturing, pharmaceuticals, chemicals, food manufacturing and distribution, transportation, information technology, and financial services. Our result-oriented approach coupled with our thought leadership established us as the leading Competition Law firm in India.
Competition law typically covers issues such as abuse of market dominance, anti-competitive agreements, and mergers and acquisitions that may affect competition in the marketplace.
Violating competition law in India can result in penalties such as fines, cease and desist orders, and divestiture of assets. In some cases, individuals may face imprisonment.
Merger control is the process by which competition authorities review mergers and acquisitions to ensure that they do not result in anti-competitive outcomes. In India, mergers and acquisitions that meet certain thresholds are subject to review by the CCI.
The penalties for violating the Competition Law in India can be severe and include fines, penalties, and even imprisonment. The CCI has the power to impose fines of up to 10% of the company's turnover for a period of three years, and in case of repeated offenses, the penalty can be up to three times the amount of the original fine. In addition, individuals found guilty of violating the Competition Law can face imprisonment for up to three years.
The Competition Law prohibits various types of anti-competitive practices, such as abuse of dominant position, cartelization, bid-rigging, and predatory pricing. These practices are detrimental to fair competition and can harm consumers and other businesses in the market.
The primary laws governing competition in India are the Competition Act, 2002, and the Competition Commission of India (CCI) Regulations, 2009. These laws are enforced by the Competition Commission of India, which is responsible for investigating and preventing anti-competitive practices in the market.
The firm has developed a unique service delivery model, that enables us to serve client requirements across 900+ locations in the country. This ability, combined with the competency of the lawyers in the firm, has enabled us, to garner several marquee clients, over the years. King Stubb & Kasiva’s lawyers have an extensive understanding of the issues, that involve corporate affairs, information technology, real estate, mergers and acquisitions, private equity, cyber security, data privacy, encryption, dispute resolution, arbitration and other related matters.
Being amongst the Best competition law firm in India, we have grown exponentially to be one of the top and fastest-growing law firms in India, which advises several clients, from domestic as well as international markets.