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MLex Market Insight

The EU shockwaves from Qualcomm’s win against 1 billion euro fine; and the CBPR’s renaissance

MLex Market Insight

MLex Market Insight

News

4.99 Ratings

🗓️ 17 June 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

A European court’s decision to overturn a 1 billion euro penalty that had been imposed on Qualcomm is being seen as a watershed moment for antitrust enforcement in the EU, with judges faulting competition investigators over both the procedures and the substance of their claims against the US chipmaker. Also on today’s podcast: why reports of the Asia-Pacific region’s CBPR privacy mechanism demise may have been premature.

Transcript

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0:00.0

Welcome back. It's great to have your company again. This is Mlex's weekly podcast covering the top stories in regulatory affairs from around the globe with our team of specialized reporters.

0:21.6

My name is James Panicki. I'm Emlex's Asia Pacific Senior Editor.

0:26.6

And we have another action-packed program for you today.

0:29.6

In just over 10 minutes from now, we'll be crossing to our offices in South Korea

0:34.6

to catch up with one of our soul-based correspondence.

0:38.3

We'll be discussing the new lease of life of the CBPR.

0:42.5

So that's C-B for Border PR, the Asia-Pacific Economic Cooperation Forum's regional privacy mechanism.

0:50.8

It has long been neglected and ignored, but there's now evidence to suggest that the times

0:56.0

might be a changing.

0:58.2

Wu Yong Li will brief us on that very soon.

1:01.8

First up, though, the spectacular court decision in the EU overturning a one billion euro fine

1:08.4

that had been levelled against US chipmaker Qualcomm as part of what now

1:13.1

appears to be a legally fraught antitrust enforcement decision. It's not the first time that

1:18.5

we've mentioned this case and I suspect it won't be the last. Nevertheless, the EU court's

1:24.8

decision on Wednesday was a watershed moment and we're recording this

1:29.3

podcast on the Thursday so no doubt the significance is still sinking in. Louis Crofts is

1:35.8

Emmex's editor-in-chief. He has dedicated the best years of his life to making sense of this case

1:41.7

and he joins me now from Brussels. So Lewis, how big a victory is this

1:47.8

for Qualcomm? This is huge, James. It doesn't really happen, to be honest. There are big companies like

1:55.1

Google and Microsoft who've had a pop in the EU courts to has tried to overturn their multi-million dollar,

2:02.7

billion-dollar fines and they've failed.

2:04.6

This happens very rarely.

...

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