New Competition Law Rules Boost Transparency with Confidentiality Rings, Timeline Extensions, and Affidavit Requirements.

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....The CCI amended various provisions of the Competition Commission of India (General) Regulations, 2009. Key changes include requirements for parties seeking confidentiality over information or documents, setting up a Confidentiality Ring, filing undertakings in the form of affidavits, and timelines for inspection and grant of certified copies. The regulations empower the CCI to extend timelines in exceptional cases and continue proceedings if parties fail to adhere to given timelines. These amendments aim to enhance transparency and efficiency in competition law proceedings.....