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Google Launches Appeal Against €2.4billion EU Fine - Business - Nairaland

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Google Launches Appeal Against €2.4billion EU Fine by celebsnestblawg(m): 3:46pm On Sep 11, 2017
World's number 1 search engine, Google on Monday launched a legal challenge to a record 2.4-billion euro fine imposed by European anti-trust authorities for favouring its own shopping service, lodging an appeal at the EU court in Luxembourg.

The move sets up a court battle between Brussels and the internet giant that could take years to resolve and make already tense relations between Europe and the US tech giant even more fraught.

The EU hit Google with the record fine in June for illegally favouring its shopping service in search results, giving the company 90 days to comply or face further fines.

A spokesman for the Court of Justice of the European Union confirmed to AFP that the appeal had been submitted.

Lodging the appeal does not suspend the fine, meaning Google is still obliged to pay up, though it can put the money in a blocked account until the decision is reached.

Concurrent to the appeal, Google last week also notified to the EU that it would attempt to meet the demands of the EU decision.

In an interview with AFP, Europe's anti-trust chief Margrethe Vestager last week said some of that proposal "pointed in the very right direction", but could only be judged once in effect.

This had raised hopes that Google may be choosing a more conciliatory road with the EU, but the appeal risks embittering matters still further.

A spokesman for Google confirmed Monday they had filed the appeal but said the company had no further comment to make.

Source: AFP

see more at >> https://www.celebsnest.com.ng/google-launches-appeal-e2-4billion-eu-fine/

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