Apple contests India’s antitrust penalty law with risk of $38 billion fine, filing shows

Apple is challenging India’s new antitrust penalty law under which the US company could potentially face a fine of up to $38 billion, a court filing at the Delhi High Court, seen by Reuters, shows.

The challenge is the first against India’s antitrust penalty law that since last year allows the Competition Commission of India (CCI) to use global turnover when calculating the penalties it imposes on companies for abusing their market dominance.