Cartels

South Africa settles with another maize cartelist

South Africa settles with another maize cartelist

20 July 2017

South Africa's Competition Commission has struck a settlement deal with Brenner Mills over its alleged role in a maize cartel, bringing the total fines in the long-running case to 612 million rand (€40.3 million).

Slovakia upholds record-breaking fine

Slovakia upholds record-breaking fine

19 July 2017

Slovakia's constitutional court has dismissed three construction companies' appeal of a decade-old bid-rigging fine, bringing to an end a case that saw the largest cartel sanctions in the competition enforcer's history.

Chile goes after pharmaceutical labs for bid-rigging

Chile goes after pharmaceutical labs for bid-rigging

19 July 2017

Chile's competition watchdog has referred an investigation of two pharmaceutical laboratory companies to its competition tribunal, recommending a 224 million Chilean pesos (€295,000) fine after finding the companies colluded to rig bids in a state-run pharmaceutical tender.

Balmoral fine based on clear evidence, says CMA

18 July 2017

A lawyer for the UK's antitrust watchdog defended against appeal its decision to fine Balmoral Tanks for the water tanks maker's role in an alleged information exchange, noting that the case involves a virtually complete record of an executive's involvement in a meeting with competitors.

Appeal is on point of principle, says water tanks appellant

17 July 2017

Counsel to Balmoral Tanks said its appeal against the £130,000 (€147,000) fine imposed by the UK’s competition watchdog last year was on a point of principle – and that the cost of the litigation has already “substantially” outstripped the amount of the fine.

South Africa fines chemical manufacturers

South Africa fines chemical manufacturers

14 July 2017

The Competition Commission of South Africa has reached a settlement agreement with two chemical manufacturers after the companies admitted to price fixing and market division.

Dutch enforcer probes alleged shipping fuel cartel

Dutch enforcer probes alleged shipping fuel cartel

13 July 2017

The Netherlands’ Authority for Consumers and Markets is investigating possible collusion by shipping fuel companies, after receiving “valuable information” from the country’s criminal prosecutors, police force and other sources.

Israeli enforcer seeks prosecution of Holocaust school trip cartel

Israeli enforcer seeks prosecution of Holocaust school trip cartel

11 July 2017

Israel’s Antitrust Authority has recommended that four travel companies companies and 10 individuals face criminal prosecution for their alleged involvement in fixing the price of school trips to concentration camps in Poland.

Appeal court cancels fines on real estate bid riggers

Appeal court cancels fines on real estate bid riggers

11 July 2017

The Hague’s Administrative Court of Appeal last week dismissed €12.7 million in fines against a group of real estate traders, holding that the Dutch competition enforcer failed to prove that their collusive practices constituted a single continuous infringement.

China fines paper cartel and revokes trade association licence

China fines paper cartel and revokes trade association licence

11 July 2017

China’s National Development and Reform Commission has revoked a trade association’s licence and fined 17 companies a total of 7.78 million yuan (€1,000,655) for colluding to fix the price of whiteboard sheet rolls.