Austrian court imposes hub-and-spoke fine

Austria’s Cartel Court yesterday confirmed a €650,000 fine imposed on home appliance manufacturer De’Longhi-Kenwood last year for heading a hub-and-spoke cartel that rigged prices of its coffee makers and restricted internet sales.

Canada secures second water and sewer guilty plea

A Canadian company specialising in water and sewer system infrastructure has agreed to pay a C$160,000 fine (€115,304), after pleading guilty to eight counts of bid rigging.

Indonesia fines scooter cartel

Indonesia’s Business Competition Supervisory Commission yesterday ordered Yamaha Indonesia Motor Manufacturing and Astra Honda Motor to pay 47.5 billion rupiah (€3.38 million) after finding the companies rigged prices of scooters.

  • Citi settles South Africa forex probe

    Citigroup will pay a 69 million rand (€5 million) fine to resolve its role in South Africa’s foreign exchange rigging investigation, days after the country’s competition enforcer referred a host of banks to the country’s Competition Tribunal alleging they fixed the exchange of the US dollar/rand currency pair.

  • Turkey fines spirits maker

    Diageo’s Turkish subsidiary faces a 155.7 million turkish lira (€40.5 million) penalty imposed by the country’s competition authority for blocking competitors’ access to the local market of raki, a traditional Turkish spirit. 

  • Israeli enforcer eyes record fine for merger conditions breach

    Israel’s Antitrust Authority yesterday said it plans to fine a company and its chief executive a total of 26.3 million shekels (€6.7 million) for breaching remedies agreed as a condition for approval of a merger.   

Transparency in pharma raises antitrust concerns, says Novartis counsel

The wealth of information available about pharmaceutical prices presents antitrust concerns, a Novartis in-house lawyer said yesterday.

Farewell Arrow, hello to the new Norton: The Tipline for 22 February 2017

We’re at the National Press Club this morning for the American Antitrust Institute’s healthcare roundtable, where we particularly look forward to a lunchtime keynote by Federal Trade Commission bureau of competition director Debbie Feinstein.

Can follow-on claims survive without litigation finance?

Craig Arnott is a managing director of Burford Capital, a publicly traded litigation funding firm. Here, he considers the role of litigation funding on the European follow-on damages scene.

EU Cartel Analysis: The Appeals

As part of GCR’s third EU Cartel Survey, we examined five years of court decisions stemming from appeals against European Commission cartel cases. The data implies that DG Comp sees its decisions overturned or amended before the EU's High Court more often than observers have suggested.

GCR Live heads to Silicon Valley

US International Trade Commission member F Scott Kieff will deliver a keynote to kick off GCR Live IP & Antitrust California – the first GCR Live intellectual property-focused event to take place in the world’s tech capital.

Clifford Chance loses last Paris partner

Clifford Chance Paris competition head Patrick Hubert has moved to Orrick Rambaud Martel, leaving his former firm with no France-based competition partners. 

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