Cartels

New Zealand enforcer loses estate agents case

New Zealand enforcer loses estate agents case

15 November 2017

The High Court of New Zealand in Auckland has dismissed the New Zealand Commerce Commission’s price fixing case against two real estate agents.

Peruvian court upholds bid-rigging fines

Peruvian court upholds bid-rigging fines

14 November 2017

Peru’s Competition Tribunal has upheld the Peruvian competition enforcer’s decision to fine two associations 4.05 million sol (€1,060,000) each after they colluded to rig bids for transport tenders.

ECJ clarifies scope of EU agricultural exemptions

ECJ clarifies scope of EU agricultural exemptions

14 November 2017

The European Court of Justice has confirmed that a cartel of French endive producers was not exempt from competition law, and given guidance to national courts deciding when agricultural producers are exempt from antitrust laws.

British Airways loses air cargo appeal

British Airways loses air cargo appeal

14 November 2017

The European Court of Justice has confirmed the General Court’s decision not to strike out the European Commission’s air cargo cartel decision for British Airways.

New Spanish fining guidelines before the new year

New Spanish fining guidelines before the new year

13 November 2017

Spain’s National Commission for Markets and Competition will publish provisional guidance on the calculation of fines in “one and a half months”, a spokesperson for the authority has told GCR.

General Court quashes ICAP fine in first Libor judgment

10 November 2017

The EU’s first-instance court today threw out fines the European Commission imposed on ICAP for allegedly facilitating the manipulation of the London InterBank Offered Rate on interest rate derivatives denominated in yen, and criticised the EU enforcer’s violation of the broker’s defence rights.

UK enforcer: voluntary information requests no longer viable

UK enforcer: voluntary information requests no longer viable

09 November 2017

The head of enforcement for the UK’s Competition and Markets Authority has said “a few bad apples” have forced the agency to use more compulsory information requests.

Reviewing DG Comp’s recent investigative activity

Reviewing DG Comp’s recent investigative activity

09 November 2017

Cornerstone Research London head Peter Davis and principal Maria Maher analyse patterns in the numbers of recent European Commission antitrust investigations – the apparent drop in cartel probes and the current flurry of investigations following the e-commerce sector inquiry.

South African court dismisses collusion claim for lack of evidence

08 November 2017

The Competition Tribunal of South Africa has dismissed allegations that a health and safety provider agreed to fix prices, after finding the country's competition enforcer did “very little” to investigate the facts after receiving what it thought was a smoking gun email.

Big Four ordered to pay €23 million for Italian bid-rigging

Big Four ordered to pay €23 million for Italian bid-rigging

08 November 2017

The world’s four largest professional services firms must collectively pay €23 million after Italy’s antitrust watchdog found that Deloitte, KPMG, Ernst & Young and PwC coordinated bids for a government tender that related to EU funds.