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Competition Commission of South Africa v QQQ Trading …

Competition Commission of South Africa v QQQ Trading Enterprise (Pty) Ltd (CO032May22) [2022] ZACT 58 (21 June 2022)

30 Reportability

Competition Law

Brief Summary

Competition Law — Settlement Agreement — Confirmation of settlement agreement between the Competition Commission and QQQ Trading Enterprise (Pty) Ltd — Tribunal's role in approving agreements reached by parties — Tribunal confirmed the settlement as proposed, indicating compliance with procedural requirements and the interests of justice.

Full Judgment Text (Click to expand)

COMPETITION TRIBUNAL
REPUBLIC OF SOUTH AFRICA
Case No: CO032May22
In the matter between:
The Competition Commission of South Africa Applicant
And
QQQ Trading Enterprise (Pty) Ltd Respondent
Panel: Y Carrim (Presiding Member)
I Valodia (Tribunal Member)
A Ndoni (Tribunal Member)
Heard on: 21 June 2022
Decided on: 21 June 2022
SETTLEMENT AGREEMENT
The Tribunal hereby confirms the settlement agreement as agreed to and
proposed by the Competition Commission and QQQ Trading Enterprise (Pty) Ltd
annexed hereto.
21 June 2022
Presiding Member
Ms Yasmin Carrim
Date
Concurring: Prof. Imraan Valodia and Ms. Andiswa Ndoni

KTB

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