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Articles by Stella Cramer
The EU Commission clears an agreement between low voltage electric motors in order to improve energy efficiency (CEMEP)
In May 2000, the Commission cleared an agreement between the principal European manufacturers of low voltage electric motors to reduce by at least 50% their sales of motors with low energy efficiency with a view to reducing toxic emissions for the environment (by the end of 2003). (Commission Press Release IP/00/508, 23 May 2000.) The 20 manufacturers of standard low voltage motors that are party to the agreement are members of the European Committee of Manufacturers of Electrical Machines an...
The Turkish Competition Authority investigates two global payment technology companies for exclusionary practices in the card scheme and digital wallet services markets
Previous article Next article Share on | The Turkish Competition Authority investigates Visa and Mastercard for exclusionary practices in the card scheme and digital wallet services markets The Turkish Competition Authority (Rekabet Kurumu, “TCA”) has launched an investigation into Visa and Mastercard to determine whether the companies have engaged in exclusionary practices that restrict competition in Turkey’s card scheme services and digital wallet services markets.
The EU Commission carries out dawn raids in the data centre construction sector
Commission carries out unannounced antitrust inspections in the data centre construction sector* The European Commission is carrying out unannounced inspections at the premises of companies active in the data centre construction sector. In parallel, the Commission has sent out formal requests for information to several companies active in the same sector. The Commission has concerns that companies in the data centre construction sector may have violated EU antitrust rules that prohibit cart...
The EU Commission carries out unannounced antitrust inspections in the data centre construction sector
Commission carries out unannounced antitrust inspections in the data centre construction sector* The European Commission is carrying out unannounced inspections at the premises of companies active in the data centre construction sector. In parallel, the Commission has sent out formal requests for information to several companies active in the same sector. The Commission has concerns that companies in the data centre construction sector may have violated EU antitrust rules that prohibit cart...
The German Competition Authority unconditionally clears the acquisition of 4 large retail stores following extensive market investigations (Kaufland / Globus)
Article précédent Article suivant Partager sur | Kaufland can take over four Globus stores and will not acquire the store in Neubrandenburg* The Bundeskartellamt has cleared the takeover by Kaufland Dienstleistung GmbH & Co. KG (Kaufland) of four large food retail stores in Bedburg, Chemnitz, Essen and Wesel from Globus Markthallen Holding GmbH & Co. KG (Globus) following extensive market investigations in the first phase of its merger control proceeding.
The Singaporean Competition Authority clears the proposed acquisition of an engineering firm by a shipbuilding company (Dyna-Mac Holdings / Hanwha Ocean)
CCCS Clears Proposed Acquisition of Dyna-Mac Holdings Ltd by Hanwha Ocean SG Holdings Pte Ltd* 1. The Competition and Consumer Commission of Singapore (“CCCS”) has cleared the proposed acquisition of Dyna-Mac Holdings Ltd (“Dyna-Mac”) by Hanwha Ocean SG Holdings Pte Ltd (“Hanwha”) (collectively, the “Parties”) (the “Proposed Transaction”) [1]. 2. CCCS has assessed that the Proposed Transaction, if carried into effect, will not infringe the section 54 prohibition of the Competition Act 2004 ...
The EU Commission approves a €790M Romanian State aid measure to support the closure of coal mines in Jiu Valley
Commission approves €790 million Romanian State aid measure to support closure of coal mines in Jiu Valley* The European Commission has approved, under EU State aid rules, a €790 million (approximately RON 3.9 billion) Romanian measure to cover exceptional costs arising from the closure of the four uncompetitive coal mines of Lonea, Lupeni, Livezeni and Vulcan in the Jiu Valley. The Romanian measure Romania notified to the Commission a €790 million (approximately RON 3.9 billion) measure to...
The Singaporean Competition Authority unconditionally clears the proposed acquisition of an engineering firm by a shipbuilding company (Dyna-Mac Holdings / Hanwha Ocean)
CCCS Clears Proposed Acquisition of Dyna-Mac Holdings Ltd by Hanwha Ocean SG Holdings Pte Ltd* 1. The Competition and Consumer Commission of Singapore (“CCCS”) has cleared the proposed acquisition of Dyna-Mac Holdings Ltd (“Dyna-Mac”) by Hanwha Ocean SG Holdings Pte Ltd (“Hanwha”) (collectively, the “Parties”) (the “Proposed Transaction”) [1]. 2. CCCS has assessed that the Proposed Transaction, if carried into effect, will not infringe the section 54 prohibition of the Competition Act 2004 ...
The EU Commission approves a €790M Romanian State aid measure to support closure of coal mines in Jiu Valley
Article précédent Article suivant Partager sur | Commission approves €790 million Romanian State aid measure to support closure of coal mines in Jiu Valley* The European Commission has approved, under EU State aid rules, a €790 million (approximately RON 3.9 billion) Romanian measure to cover exceptional costs arising from the closure of the four uncompetitive coal mines of Lonea, Lupeni, Livezeni and Vulcan in the Jiu Valley.
The EU Commission designates a online hotel booking company as a Gatekeeper (Booking.com)
Booking must now comply with the Digital Markets Act* As of today, Booking Holdings Inc. (BHI), designated as gatekeeper on 13 May 2024, must ensure that its online intermediation service, Booking.com, complies with all relevant obligations of the Digital Markets Act (DMA). Concretely, this means hotels, car rental companies, and other providers of travel services that depend on Booking.com to reach their customers can begin to enjoy new opportunities, for instance: So-called ‘parity’ clau...
The EU Commission designates an online hotel booking company as a gatekeeper under the Digital Markets Act (Booking.com)
Booking must now comply with the Digital Markets Act* As of today, Booking Holdings Inc. (BHI), designated as gatekeeper on 13 May 2024, must ensure that its online intermediation service, Booking.com, complies with all relevant obligations of the Digital Markets Act (DMA). Concretely, this means hotels, car rental companies, and other providers of travel services that depend on Booking.com to reach their customers can begin to enjoy new opportunities, for instance: So-called ‘parity’ clau...
The Spanish Competition Authority initiates disciplinary proceedings against a telecommunications company for breaching its commitments in merger proceedings (Telefónica)
Previous article Next article Share on | CNMC initiates disciplinary proceedings against Telefónica* The operator is said to have breached the commitments it made when it bought DTS (formerly Sogecable) in 2015. Specifically, Telefónica had made a commitment that contracts for the exclusive acquisition of broadcasting rights in Spain for sports audiovisual content from third parties could not exceed three years from the date of signing the contract.
The EU Court of Justice upholds the Commission's decision to authorise a telecommunications acquisition and clarifies that strengthening a dominant position alone does not make it incompatible with the internal market (Vodafone / Liberty Global)
Merger control: the General Court upholds the Commission decision authorising Vodafone’s acquisition of Liberty Global’s telecommunications activities in Germany, the Czech Republic, Hungary and Romania* The Commission properly concluded that the merging parties were not competitors in the markets for the retail supply of TV signal transmission services in Germany In October 2018, Vodafone, [1] a British company specialising in mobile telecommunications, television and internet services inf...
The Hong Kong Competition Authority conducts dawn raids at 5 premises concerning suspected anti-competitive conduct involving a government subsidy scheme
Previous article Next article Share on | Competition Commission conducts search in case relating to government subsidy scheme* The Competition Commission (Commission) executed search warrants this morning at six premises –the registered address of an IT service provider and the residences of five individuals, as part of its probe into suspected anti-competitive conduct involving a government subsidy scheme.
Competition in the Payments Sector
13 Nov 2024 The "Dinner and Discussion: Competition in the Payments Sector" organised by Concurrences in partnership with NERA took place in New York on November 12th, 2024. This event’s document is restricted to subscribers. Please sign-in to access. Check the Upcoming Events section for the next events. Photos (c) Peter Baiamonte. Access to this article is restricted to subscribers Already Subscribed? Sign-in Access to this article is restricted to subscribers.
The Irish Competition Authority prosecutes a home goods retailer for breaking price display laws (Homesavers)
CCPC prosecutes retailer Homesavers for breaking price display laws* The Competition and Consumer Protection Commission (CCPC) has been successful in its legal action against the retail chain Homesavers for failing to obey price display laws. Homesavers is a large discount group with approximately 50 stores across the country. The CCPC took action against Centz Stores Ltd, which owns the Homesavers brand, following non-payment of fines totalling €600 for the alleged price display offences. ...
The Turkish Competition Authority fines a sanitary paper products company for resale price maintenance (Viking Kağıt)
Around 9 million TL in Fines Imposed on Viking Kağıt in the Investigation Concluded with a Settlement* The investigation launched with the Competition Board decision dated 18.04.2024 and numbered 24-19/407-M to determine if Viking Kağıt ve Selüloz Sanayi ve Ticaret AŞ violated Article 4 of the Act no 4054 on the Protection of Competition by fixing the resale prices of its buyers was concluded. The settlement text submitted by the Viking Kağıt ve Selüloz Sanayi ve Ticaret AŞ during the inves...
The Global Antitrust Economics Conference
12 Nov 2024 The "Global Antitrust Economics" conference, co-organized by Concurrences and NYU Stern School of Business, in partnership with Analysis Group, Cornerstone Research, Charles River Associates, and Microsoft, took place in New York on November 12th, 2024. This event’s document is restricted to subscribers. Please sign-in to access.
The Bulgarian Competition Authority fines 2 construction equipment traders for failing to cooperate during a dawn raid (O-Rent / Ingconsult)
CPC sanctioned two undertakings for failure to comply with the obligation for cooperation with the Commission in the exercise of its powers* On 28 May 2024, the Commission for Protection of Competition (the Commission, CPC) carried out a dawn raid at the offices of traders of construction machinery and equipment in the proceedings under case No КZK/409/2024. During the dawn raid in the business premises used by the companies, obstructions and difficulties were encountered which prevented th...
The German Competition Authority allows an advertising firm and a media company to jointly market advertising space (AdAlliance / Bauer)
Bundeskartellamt allows AdAlliance and Bauer to jointly market advertising space* The Bundeskartellamt has no objections at this point in time to the plans by Heinrich Bauer Verlag KG (Bauer) and AdAlliance GmbH (AdAlliance), which belongs to RTL Deutschland, to jointly market Bauer’s advertising inventory through AdAlliance. Andreas Mundt, President of the Bundeskartellamt: “Both companies market advertising space in popular magazine titles from the categories food/drink, living/interior d...
The Chilean Competition Court upholds claims that a shopping mall group filed 15 illegitimate lawsuits to impede competition (Pasmar / Grupo Jano)
Judgment No. 197/2024: Free Competition Defense Court partially accepts the claim of Inmobiliaria Power Center Limitada and Inversiones Magallanes SpA* Power Center Limitada and Inversiones Magallanes SpA (“Pasmar”) against Inmobiliaria Mall Plaza de los Ríos Limitada, Inmobiliaria Tres Ríos SA and Jean Jano Kourou (“Grupo Jano”), without costs.
The Paraguayan Competition Authority sanctions four automotive firms for failing to comply with information requests made by the Investigation Directorate (Automotores Comercial Industrial / Carros Via Chile / Tape Ruvicha...)
The Board of Directors sanctioned several firms for failing to comply with their duty to collaborate with CONACOM* The Board of Directors of the National Competition Commission (CONACOM) decided to sanction four firms for having failed to comply with the duty of collaboration with CONACOM, established in article 61 of Law No. 4956/2013, in accordance with current regulations.
The Lithuanian Competition Authority greenlights the acquisition of a renewable energy developer by a developmental investment bank (Green Genius / EBRD)
THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT WILL BE ABLE TO IMPLEMENT THE TRANSACTION* The European Bank for Reconstruction and Development (EBRD) will be able to acquire joint control of Green Genius International, a Dutch renewable energy company, together with its existing shareholders, Modus Grupe and MG NL Holding. The merger has been cleared by the Competition Council. The notification of intended concentration was received on 22 October 2024.
The Lithuanian Competition Authority clears the acquisition of 2 hygienic paper producers by a rival company (Velvet Care / Private Label Tissue / Italian Paper)
A HYGIENIC PAPER PRODUCER WILL BE ABLE TO CARRY OUT THE TRANSACTION* The Competition Council has cleared the Polish company Velvet Care’s acquisition of 100 % of the shares of Private Label Tissue and Italian Paper and taking sole control of them. The notification of intended concentration was received on 11 October 2024.
The EU General Court confirms that 2 major banks participated in a cartel in the sector for suprasovereign, sovereign, and public agency bonds (Crédit Agricole / Credit Suisse)
The banks Crédit agricole and Credit Suisse participated in a cartel in the sector for suprasovereign bonds, sovereign bonds and public agency bonds denominated in US dollars (‘SSA Bonds’)* The General Court of the European Union confirms the Commission’s finding of an infringement and maintains the amount of the fines imposed in 2021 In 2018, the European Commission initiated proceedings for infringement of the competition rules involving Deutsche Bank, Bank of America, Crédit agricole and C...
The Finnish Competition Authority conducts an investigation into the veterinary sector, concluding that market concentration has increased prices and harmed consumers
Study: Consolidation in the veterinary sector has increased prices – FCCA cannot intervene without call-in option* The markets for veterinary services have concentrated in two leading chains owned by foreign private equity firms through mergers and acquisitions. This consolidation has also led to price increases. The Finnish Competition and Consumer Authority (FCCA) cannot intervene in the harmful concentration in the markets with its current tools.
Stella Cramer - Concurrences
Clifford Chance (Singapore) Partner Stella Cramer is a talented professional known for her work with Clifford & Chance in Singapore. She has built a diverse career in the legal field, leveraging her expertise in various roles and locations.Stella began her journey in law at a prominent firm in London, where she honed her skills in corporate law. Her impressive performance led her to opportunities in international settings, including stints in New York and Hong Kong.
Alvin Koh - Concurrences
Competition and Consumer Commission of Singapore (Singapore) Chief Executive Mr Koh is the Chief Executive of the Competition and Consumer Commission of Singapore. Mr Koh has been a Government lawyer in the Singapore Public Service for over 20 years, where he started as a Justices’Law Clerk to the Chief Justice and Judges of the Supreme Court.
Dinner in honour of Alvin Koh (CCCS)
4 Nov 2024 The Dinner in honour of Alvin Koh (CCCS) organised by Concurrences in partnership with Clifford Chance took place in Singapore on November 4th, 2024. This event’s document is restricted to subscribers. Please sign-in to access.
The New Zealand Competition Authority files proceedings against a plasterboard manufacturer for anticompetitive rebates (Winstone Wallboards)
The Commerce Commission has filed proceedings under sections 27 and 36 of the Commerce Act in the Auckland High Court against Winstone Wallboards, a subsidiary of Fletcher Building that manufactures and supplies GIB-branded plasterboard. The Commission alleges that Winstone’s use of retroactive tiered rebates in its plasterboard supply agreements with building supplies merchants between 2017 and 2022 breached the Commerce Act.
The Estonian Competition Authority initiates a market review to evaluate competition in the liability insurance sector for healthcare providers (PZU)
Competition Authority to assess the market situation on the market of compulsory liability insurance of health care providers* The Estonian Dental Association filed an application with the Competition Authority for initiation of supervisory proceedings to assess whether the activities of the insurance undertaking PZU include any signs of activities which damage competition or possible violations regarding the provision of compulsory liability insurance to health care providers. Preliminary ...
The EU Commission finds that exclusive rights granted by France to a gambling operator contain no State aid after amendments (Française des Jeux)
Commission finds Française des Jeux (‘FDJ’)’s exclusive rights contain no state aid after amendments* The European Commission has concluded that the increased remuneration by Française des Jeux (‘FDJ’) to France for the modification of exclusive rights to operate offline and online lottery games and offline sports betting through 2019 PACTE law is in line with EU State aid rules.
The Canadian Competition Authority recommends local governments consider permitting the sale of pets medicines by pharmacists
Competition Bureau recommends increasing competition in the sale of pet medication* Mandating the supply of pet medication to pharmacists would improve competition and consumer choice. In recent years, more Canadians have brought pets into their homes. But Canadians’ choice of where to fill their pet’s prescriptions is often limited to veterinary offices – which can mean fewer options and higher prices. Today, the Competition Bureau has published an analysis of the pet pharmaceutical sector...
The EU Commission and UK Competition Authority conclude technical negotiations for a future competition cooperation agreement
EU and UK conclude technical negotiations for a future competition cooperation agreement* Today, the European Commission and the UK finalised the technical discussions on a competition cooperation agreement between the EU and the UK. The competition cooperation agreement will be a ’supplementing agreement’ to the EU-UK Trade and Cooperation Agreement (‘TCA’), which foresees the possibility to enter into a separate agreement on competition cooperation. The future competition cooperation agre...
TThe Austrian Competition Authority files a request for examination with the Cartel Court concerning a merger in the market for aortic valve replacement products (Edwards Lifesciences / JenaValve Technology)
Market for aortic valve replacement products: AFCA files request for examination with Cartel Court of Edwards Lifesciences/JenaValve Technology merger* The Austrian Federal Competition Authority (AFCA) was notified of the planned merger between Edwards Lifesciences and JenaValve Technology on 12 September 2024. On 24 October 2024, the AFCA filed an application for an in-depth (Phase II) review of the merger with the Cartel Court owing to competition concerns.
The Singaporean Competition Authority recommends a five-year renewal of the Block Exemption Order for Liner Shipping Agreements
CCCS Recommends Five-Year Renewal of the Block Exemption Order for Liner Shipping Agreements* The Competition and Consumer Commission of Singapore (“CCCS”) has recommended to the Deputy Prime Minister and Minister for Trade and Industry (the “DPM and Min/T&I”) to renew the Competition (Block Exemption for Liner Shipping Agreements) Order (the “LSA BEO”) [1] for a five-year period from 1 January 2025 to 31 December 2029 as follows: a) Retain the categories of liner shipping agreements (“LSA...
The Spanish Competition Authority fines a company for gun-jumping in its acquisition of 2 companies in the energy and electricity sector (Marcial Chacón / Decail Energía / Electra La Honorina)
Marcial Chacón admits that he should have notified the purchases of Decail and Honorina and pays the fine* In June 2023 and January 2024, the company acquired exclusive control of the distributors Decail Energía and Electra La Honorina. Marcial Chacón should have previously notified the CNMC of the purchase, as established by the Competition Law. The CNMC ends the disciplinary proceedings against the company because it assumes its responsibility and pays the fine in advance.
The Singaporean Competition Authority recommends the five-year renewal of the Block Exemption Order for Liner Shipping Agreements
CCCS Recommends Five-Year Renewal of the Block Exemption Order for Liner Shipping Agreements* 1. The Competition and Consumer Commission of Singapore (“CCCS”) has recommended to the Deputy Prime Minister and Minister for Trade and Industry (the “DPM and Min/T&I”) to renew the Competition (Block Exemption for Liner Shipping Agreements) Order (the “LSA BEO”) [1] for a five-year period from 1 January 2025 to 31 December 2029 as follows: a) Retain the categories of liner shipping agreements (“...
The Estonian Competition Authority issues a precept to waste management company regarding the prices set for the additional service of waste transport (Eesti Keskkonnateenused)
The Competition Authority issued a precept to Eesti Keskkonnateenused AS, requiring a reduction in the price set for manual transport of containers beyond 10 metres in 17 transport areas.
The Austrian Supreme Cartel Court upholds the Competition Authority's appeal and fines a company €65K in a joiner cartel investigation (Pirkl)
Joiner cartel investigations concluded: Supreme Cartel Court upholds AFCA appeal and fines Pirkl EUR 65,000* The Supreme Cartel Court looked into legal questions surrounding the "ne bis in idem" - principle as well as the setting of the fine after the Austrian Federal Competition Authority (AFCA) and the Federal Cartel Prosecutor had each filed an appeal against the partially dismissive decision of the Cartel Court. The opposing parties, Josef Pirkl Gesellschaft m.b.H. u.
The Czech Competition Authority conducts an unannounced dawn raid at a search engine’s premises over suspected anti-competitive behaviour (Seznam.cz)
The Office is Conducting a Dawn Raid at the Premises of the Undertaking Seznam.cz* Following numerous media inquiries, we confirm that the Office for the Protection of Competition (hereinafter referred to as “the Office“) is conducting an unannounced inspection of Seznam.cz. As part of the on-site inspection, the Office is investigating reasonable suspicion of possible anti-competitive behaviour, namely abuse of a dominant position. Detailed information cannot be disclosed due to the curren...
The Bulgarian Competition Authority fines 2 companies for rigging bids in the wholesale market for flowers (Total / S.I.I.)
CPC sanctioned Total LC Ltd and the consultant S.I.I. for their participation in a bid-rigging cartel for the manipulation of public procurement procedures* By Decision № 1058/10.10.2024 the Commission established committed infringement of art. 15 of the LPC and art. 101 of the TFEU and imposed pecuniary sanctions in total of 56 590 BGN on Total LC Ltd and S.I.I. The established infringement constitutes a bid-rigging cartel for the manipulation of 22 public procurement procedures, committed...
The Slovak Competition Authority conducts dawn raids at the premises of companies operating in the health sector
CARTELS: AMO conducted inspections at undertakings in health sector* From 8 to 10 October 2024 the Antimonopoly Office of the Slovak Republic (AMO) was conducting unannounced inspections at the business premises of undertakings operating in the market of providing institutional health care. AMO conducted the inspections based on a suspicion that there had been an agreement between the undertakings concerned, the aim or consequence of which had been or could have been the restriction of comp...
The Austrian Cartel Court finds that a businesswoman has participated in cartel agreements in the area of market studies (Geppel-Mikes)
Previous article Next article Share on | Decision in opinion research cartel: Cartel Court finds, at AFCA’s request, that businesswoman Geppel-Mikes had participated in cartel agreements* After the Austrian Federal Competition Authority (AFCA) had initially filed an application with the Cartel Court to impose an appropriate fine, it subsequently amended its application, requesting a mere finding of participation in cartel agreements by businesswoman Geppel-Mikes (“Geppel-Mikes”).
The Romanian High Court of Cassation and Justice finds a power trading and investment company guilty of participating in a cartel restricting the sale of electricity (Energy Financing Team)
THE COMPETITION COUNCIL WON THE CASE AGAINST ENERGY FINANCING TEAM AG* The High Court of Cassation and Justice has definitively confirmed that Energy Financing Team AG (EFT) violated competition law by participating in an anti-competitive settlement on the electricity production and trading market.
The Slovak Competition Authority fines a web hosting company more than €60K for interrupting a dawn raid
CARTELS: AMO fined an undertaking for refusing to submit key information* On 1 October 2024 the Antimonopoly Office of the Slovak Republic (AMO) issued a decision imposing a fine of more than EUR 60 thousands on an undertaking operating in the field of hosting and domain services. In the framework of investigating a potential cartel between undertakings providing the management of hazardous waste from hospitals and hospital facilities, AMO had conducted an unannounced inspection. Communicat...
The US FTC files a complaint against the three largest prescription drug benefit managers for anticompetitive conduct and unfair rebate practices (CVS / ESI / Optum)
Antitrust at the Agencies: PBM Madness at the FTC, Part 1* “Curiouser and curiouser!” Cried Alice (she was so much surprised, that for the moment she quite forgot how to speak good English). — Lewis Carroll, Alice’s Adventures in Wonderland Let’s start more modestly, if less cleverly, with “curious.” The Federal Trade Commission (FTC) announced Sept.
The EU Commission approves State compensation granted to the Czech Republican postal service for the provision of the Data Boxes Information System
An Unusual SGEI* Introduction Member States are free to determine what the regard as a service of general economic interest [SGEI]. The Commission may only check whether the definition is free of manifest error and that any compensation that is provided conforms with the conditions laid down in the 2012 SGEI package. Member States commit a manifest error when they designate as SGEI a service that is provided by the market on satisfactory terms and price.
The EU Commission finds that the public funding of public hospitals and healthcare centres by Slovenia is not State aid
Previous article Next article Share on | Public Funding of Healthcare Services Based on the Principle of Social Solidarity Is not State Aid* Introduction In June 2016, the Commission received a complaint from the Medical Chamber of Slovenia – a professional organisation of private medical doctors and dentists practicing in Slovenia – concerning alleged State aid granted by Slovenia to public hospitals and public healthcare centres.
Day 5 – Themes of the Singapore Fintech Festival - Regulation Tomorrow
Singapore FinTech Festival concludes today after a weeklong line-up of fruitful discussions. On Day 5 of the Singapore Fintech Festival, facilitating trust in data sharing, digital identity, financial and digital inclusion as well as payments interoperability were some of the common themes that ran through the sessions. Some of our key takeaways from the experts: Data is the lifeblood of the digital economy. Businesses are increasingly focused on using data intelligently and innovatively.
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