China orders Tencent to relinquish exclusive music label rights due to antitrust law violation

Jul 25, 2021 23:32 pm UTC| Economy Law

Chinas State Administration for Market Regulation ordered tech giant Tencent to relinquish its exclusive music label rights and fined it $77,144 after finding that the firm had violated antitrust laws. Tencent controls...

Coronavirus business loans: some directors may have defrauded billions from UK taxpayers

Jul 24, 2021 05:13 am UTC| Business Law

In the early days of the pandemic, UK chancellor Rishi Sunak announced business-loan schemes as part of the governments suite of measures to keep businesses on their feet. This offered businesses the chance to borrow tens...

Crocs sues Walmart, 19 others for alleged trademark infringment

Jul 23, 2021 23:50 pm UTC| Economy Law

Crocs filed four trademark infringement lawsuits in several US district courts against about 20 companies, including Walmart and Hobby Lobby. In one of the lawsuits filed in Colorado, Crocs alleges that Walmart is...

Illegal photo shooting records to serve as ground for taxi driving ban

Jul 23, 2021 23:40 pm UTC| Economy Law

Individuals with a criminal record for taking illegal photos may be banned from working as taxi drivers beginning next year if a bill amending the Passenger Transport Service Act is approved. The new bill, which intends...

KT fined 500 million won for slow internet

Jul 22, 2021 23:46 pm UTC| Economy Law

South Koreas telecommunications regulator fined telecom giant KT Corp. 500 million won for making its internet service slower for 24 of its high-speed internet users. The telecom operator also frequently failed to...

Sega of America faces $5 million lawsuit for allegedly deceiving users crane game

Jul 21, 2021 23:24 pm UTC| Law Economy

Sega of America is facing a $5 million lawsuit for allegedly rigging its arcade crane game Key Master against users. The lawsuit claims that Sega deliberately prevented Key Master players from winning until after a...

Disney Plus delays S.Korea launch to work on response plans after Netflix's court loss

Jul 20, 2021 21:41 pm UTC| Economy Law

Disney Plus has pushed back its service launch in South Korea from September to the end of this year while assessing a Seoul court rulings impact against Netflix Inc. Last month, the Seoul Central District Court...