Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Amazon sues EU antitrust regulators for letting Italian case go ahead

Published 20/01/2021, 17:06
Updated 20/01/2021, 17:10
© Reuters. FILE PHOTO: FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York

By Foo Yun Chee

BRUSSELS (Reuters) - Amazon (NASDAQ:AMZN) is suing EU antitrust regulators for allowing the Italian competition watchdog to pursue its own case against the U.S. online retail giant over the way it selects sellers, arguing that this should be wrapped into an EU investigation.

Amazon took its case to the Luxembourg-based General Court, Europe's second-highest, on Tuesday, asking it to annul the EU's decision to exclude Italy from the wider investigation, a court filing shows.

The move came two months after the European Commission opened an investigation into the criteria the company uses to select winners of its "buy box", which allows customers to add items from a specific retailer directly into their shopping carts.

The probe will also examine whether the company gives preferential treatment to its own retail offers and marketplace sellers that use its logistics and delivery services.

The Italian case was launched in 2019 over the same issue but focuses on the Italian logistics markets.

Amazon said the EU should absorb the Italian case for the sake of consistency and efficiency.

"When the European Commission decides to investigate a matter, European law says that national competition authorities cannot investigate the same topic. This did not occur in this instance, as the Commission's opening decision attempts to exclude Italy," Amazon said in a statement.

The Commission said it would defend its case in court.

Last November it charged Amazon with damaging retail competition by using its size, power and data to gain an unfair advantage over smaller merchants that sell on its online platform.

© Reuters. FILE PHOTO: FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York

The case is T19/21.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.