The recently enacted Competition (Amendment) Act of 2023 has introduced significant changes aimed at reducing antitrust litigation and facilitating faster market corrections. On August 23, 2023, the Competition Commission of India (CCI), also known as the Commission, published two important documents for public consultation: the Draft Settlement Regulations (DSR) and the Draft Commitment Regulations (DCR). These regulations create a framework allowing businesses to approach the CCI with proposals for commitments or settlements in cases involving alleged contraventions of the Competition Act of 2002 (the Act).
The Dialogue has actively engaged in this process by submitting comprehensive comments on key aspects of these draft regulations. These comments have been meticulously prepared through a combination of in-depth secondary research and insights gathered from legal experts, industry professionals, and members of civil society. We are committed to contributing to the development of a robust and balanced regulatory framework in the realm of competition law.
