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Apple Hit With €1.8 Billion EU Antitrust Fine

The European Commission has hit Apple with a €1.84 billion fine, the third-largest EU antitrust fine in history. The fine concludes a four-year investigation centered on the impact of Apple’s App Store practices on competition in music streaming, an investigation that was partly launched in response to a 2019 complaint…

Delaware AG Seeks to Pull Certificates of Formation for Companies Allegedly Posing as Affiliates of Fortune 500 Company

Delaware filed a lawsuit seeking to cancel certificates of formation for companies accused of misrepresenting themselves as affiliates of Indian Fortune 500 company Reliance Industries Ltd. Delaware Attorney General Kathleen Jennings sued Reliance Retail Ventures Ltd. and Reliance Industrial Investments and Holdings Ltd., seeking the revocation of RRV’s corporate charter…

Kirkland Lays Off Capital Markets Lawyers in Greater China

Kirkland & Ellis has laid off at least nine of its capital markets lawyers in Asia, where it has offices in Beijing, Shanghai and Hong Kong, according to three sources within the firm. The capital markets lawyers were told to attend their weekly team meetings last week in person rather…

The NCA, together with European law enforcement agencies, is currently investigating large-scale money laundering through European, Ukrainian, and Russian banks and financial entities

The UK National Crime Agency (NCA), together with other law enforcement agencies of the European Union and the UK Gambling Commission (UKGC), are investigating the use of the financial system to launder shady money from Russian and Ukrainian bookmakers. One of them is the well-known 1xBet. According to a source…