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Big Tech hit by China’s multipronged antitrust enforcement; Petroecuador’s fight for restitution
30 April 2021 00:00
China has demonstrated to some of the country’s largest technology players that antitrust oversight isn’t limited to the State Administration for Market Regulation — the top competition enforcer. Recent events in the country show that, when needed, all regulatory agencies are prepared to pitch in. Also on today’s podcast: the Petroecuador bribery saga. The company wanted to recover money from a bribe payer; but a US judge baulked at granting the troubled Latin American oil company its restitution claim.
China has proved to Big Tech that its antitrust-oversight capability isn't limited to the SAMR.
Petroecuador's recent loss in a bid to secure payment from a bribe payer reinforces an emerging legal bulwark.