Cartels

CADE votes to keep turnover-based cartel fines

The president of Brazil's competition enforcer and a new commissioner have backed maintaining the current system of calculating fines based on cartelists' turnover, rather than the harm caused.

India orders stop to price-fixing by container transport associations

New Zealand shakes up enforcement regime

Denmark fines plumbing company

Banks sued for alleged stock loan market manipulation

Three pension funds have sued a group of big banks for allegedly conspiring to prevent the modernisation of the $1.72 trillion stock loan market, in a bid to preserve their intermediary status on all trades.

Uber's terms are reasonably conspicuous, Second Circuit rules

The US Court of Appeals for the Second Circuit yesterday backed Uber, reversing a lower court's decision that the company's terms and conditions were not reasonably conspicuous.

Robot collusion and the future of online marketplaces

As the debate over internet regulation rages on, automated data processing systems in the online retail sector have received surprisingly little coverage. From Amazon to Skyscanner, price comparison softwares have become expected and even integral to modern living. But with the ease provided by the increasingly ubiquitous software has also come an easier pathway to collusion, and difficulties with regards to its prosecution.

Whish urges restraint on algorithmic collusion

King’s College London emeritus professor Richard Whish QC today largely dismissed the potential need for a new model of competition law to deal with algorithmic collusion, arguing that its effects differ little from other traditional tools used for cartel agreements. Malina McLennan at GCR Live in Brussels

Reed Smith makes double litigation hire from Linklaters

Reed Smith has hired two Linklaters litigation partners, Joseph P Armao and Paul Alfieri, to its global regulatory enforcement group in New York.


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