Cartels

Lava Jato topples Colombian construction deal

24 February 2017

Colombia’s competition watchdog has used its antitrust powers to terminate a US$1.1 billion (€1 billion) motorway construction deal over allegations of bribery committed during the contract’s bidding process by Odebrecht.

Ukrainian court rejects Gazprom appeal against €6.4 billion fine

Ukrainian court rejects Gazprom appeal against €6.4 billion fine

23 February 2017

The Kyiv Commercial Court of Appeal this week rejected Gazprom’s appeal against the enforcement of a 172 billion hryvenia (€6.4 billion) abuse of dominance fine it was ordered to pay last year.

Austrian court imposes hub-and-spoke fine

Austrian court imposes hub-and-spoke fine

21 February 2017

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

Canada secures second water and sewer guilty plea

21 February 2017

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 fines scooter cartel

21 February 2017

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

Citi settles South Africa forex probe

20 February 2017

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.

Mexico pursues first criminal action against cartelists

Mexico pursues first criminal action against cartelists

16 February 2017

For the first time, Mexico’s Federal Commission for Economic Competition yesterday referred for prosecution individuals who allegedly violated the country’s competition law, as part of the competition authority’s investigation of collusion in public health tenders.

Paraffin wax appeals fail

Paraffin wax appeals fail

16 February 2017

The European Court of Justice today refused to reduce fines imposed on a group of companies for their role in the paraffin wax cartel.

South Africa prosecutes forex

South Africa prosecutes forex

15 February 2017

The Competition Commission of South Africa will seek the maximum possible fines from a raft of banks – including HSBC, JP Morgan Chase and Credit Suisse, but not leniency applicant Barclays – for fixing the exchange of US dollars and South African Rand.

Russia proposes fairer leniency programme

Russia proposes fairer leniency programme

15 February 2017

Russia’s competition watchdog has said that its inability to discount the fines imposed on second- and third-in leniency applicants can violate due process rules, and has asked the government for improvements to its legislative framework.

DG Comp nears new air cargo decision

DG Comp nears new air cargo decision

14 February 2017

The European Commission’s Directorate-General for Competition is set to issue a new air cargo cartel decision within the next few months, GCR has learned.

Hitachi Automotive fights antitrust probation in US

Hitachi Automotive fights antitrust probation in US

13 February 2017

Arguing that it already has an effective compliance programme, Hitachi Automotive is opposing the US Department of Justice’s recommendation that the auto parts maker be placed on probation for two years to ensure its compliance goes beyond a paper policy.