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Regulation

There are laws on the books worldwide that constrain the activity of corporations. The problem is enforcing them effectively, especially when the people who run the businesses can frequently persuade authorities to change the rules to suit them. We explore the role of government in setting and enforcing rules for fairness and competition in the private sector, and how the private sector manages to set the regulation agenda itself.


Uber Used Clandestine Technology Tool To Thwart Police Raids
by Pratap Chatterjee
January 17th, 2018
Uber, the global taxi technology company, has been using a clandestine tool named "Ripley"to thwart government oversight of the ride-sharing company by restricting access to company computers. Ripley is likely to increase scrutiny of the company by government authorities given Uber's questionable use of several other high-tech tools.

Takata Fined $1 Billion For Hiding Information on Exploding Car Airbags
by Kavya PadmanabhanSpecial to CorpWatch
January 20th, 2017
Takata, the Japanese auto parts maker, will pay a $1 billion fine to the U.S. government after pleading guilty to hiding information about the likelihood that the company’s car air bags could accidentally explode. Takata air bags have been linked to at least 17 deaths around the world.

Eli Lilly Raised U.S. Prices Of Diabetes Drug 700 Percent Over 20 Years
by Pratap ChatterjeeCorpWatch Blog
November 2nd, 2016
Eli Lilly, an Indianapolis based company, that has sold insulin products to diabetes patients since 1921, has quietly raised some U.S. prices 700 percent in the last 20 years by marketing so-called improved versions to consumers. Novo Nordisk, a Danish company, has also profited handsomely from this practice.

Cairn Energy Demands India Pay $5.6 Billion Or Drop Back Tax Claim
by Pratap ChatterjeeSpecial to CorpWatch
July 15th, 2016
Cairn Energy, a Scottish oil exploration company, has demanded that India pay $5.6 billion in compensation for losses that the company claims it has sustained as a result of a tax bill. The company has taken its claim to an arbitration panel under the United Kingdom-India Investment Treaty.

New Violation Tracker Tool Helps Public Track U.S. Corporate Misconduct
by Pratap ChatterjeeSpecial to CorpWatch
June 29th, 2016
Bank of America leads the list of companies that have paid over $1 billion in penalties and fines to the U.S. government in the last six years. Violation Tracker, a new corporate misconduct database maintained by Good Jobs First, estimates that the North Carolina bank has paid $56 billion.

Citadel's Private Stock Market Platform Under Investigation
by Pratap ChatterjeeSpecial to CorpWatch
May 12th, 2016
The U.S. government is investigating Citadel, a Chicago-based hedge firm and market maker that manages some $25 billion in client money, for allegedly giving smaller investors a bad deal. The Department of Justice wants to know if the firm is taking advantage of the complexity of high-speed trading.

Drugs Tested By GVK Biosciences Banned From European Union
by Pratap ChatterjeeCorpWatch Blog
July 27th, 2015
Hundreds of drugs tested in India have been banned from sale in the European Union after French inspectors found flaws in clinical trials conducted by GVK Biosciences, a company based in Hyderabad. The Indian government has threatened to take legal action against the ban under international trade rules.

Uruguay Presents Defense Against Philip Morris Tobacco Lawsuit
by Richard SmallteacherCorpWatch Blog
November 10th, 2014
Uruguay has presented a 500 page document to defend itself against an international lawsuit challenging the country's tough tobacco packaging regulations. The claim was brought by Philip Morris, the global tobacco giant, at the World Bank's International Centre for Settlement of Investment Disputes (ICSID) in Washington DC.

New European Commission Marred By Corporate Conflicts of Interest
by Pratap ChatterjeeCorpWatch Blog
November 2nd, 2014
The newly elected president of the European Commission and his cabinet - who together form the central executive body for the 28 member states of the European Union - have deep ties with powerful corporate interests that make them poor choices to support citizen rights, say critics.

Argentina Loses Court Appeal Against “Vulture” Fund Manager Paul Singer
by Pratap ChatterjeeCorpWatch Blog
June 20th, 2014
Paul Singer, the billionaire hedge fund manager, has claimed victory in a lawsuit to force Argentina to fork out almost 17 times more than he paid to buy bonds issued by the country.

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