Neelambera Sandeepan

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Senior Associate in the Competition Practice at the Delhi office of Cyril Amarchand Mangaldas. Neelambera advises on a full range of competition matters, including abuse of dominance, cartel enforcement and merger control. She can be reached at neelambera.sandeepan@cyrilshroff.com

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In a notification dated July 4, 2018, the Ministry of Corporate Affairs (MCA) has granted an additional three year extension to the Vessel Sharing Agreements Exemption (VSA Exemption) in the liner shipping industry. This exempts VSAs from scrutiny under Section 3 (i.e., anti-competitive agreements) of the Competition Act, 2002 (as amended) (Act). This extension, which is a furtherance of international best practice, has come as a source of relief to the liner shipping industry, given that…