Cartels

Brazil approves clearing house acquisition

Brazil approves clearing house acquisition

28 March 2017

Brazil’s competition enforcer last week conditionally approved the 12 billion reais (€3.5 billion) tie-up of stock exchange BM&FBovespa and rival clearing house Cetip.

Intel could complicate EU cartel enforcement, says Coates

Intel could complicate EU cartel enforcement, says Coates

28 March 2017

Former European Commission cartel enforcer Kevin Coates said today that if the European Court of Justice follows all aspects of the advocate-general’s opinion, Intel’s appeal against its abuse of dominance fine could affect the EU’s prosecution of international cartels.

Hong Kong enforcer files first case

Hong Kong enforcer files first case

24 March 2017

Hong Kong’s Competition Commission has for the first time referred an alleged bid-rigging cartel – including a subsidiary of telecommunications operator BT – to the jurisdiction’s Competition Tribunal.

Top Italian court upholds annulment of fine

Top Italian court upholds annulment of fine

22 March 2017

Italy’s Council of State has upheld a decision to quash a €29 million fine on two insurance companies, after finding that the country’s competition watchdog had failed to show that the parallel conduct was due to illegal agreements. 

Singapore charges engineering companies as cartelists

Singapore charges engineering companies as cartelists

21 March 2017

Singapore’s competition authority today issued a proposed infringement decision to several electric engineering companies for allegedly bid-rigging tenders on two occasions, including a contract with Formula 1 Singapore Grand Prix.

CMA reminds public of whistleblower reward

CMA reminds public of whistleblower reward

20 March 2017

The UK’s competition watchdog launched a campaign today to tackle illegal cartels, in part by highlighting the little-known whistleblower reward programme that could award informants up to £100,000.

DG Comp re-issues air cargo fines

DG Comp re-issues air cargo fines

17 March 2017

The European Commission today re-adopted its air cargo cartel decision, imposing broadly the same fines on airlines for fixing the price of fuel and security surcharges as it first did in 2010 – and at least two defendants already have vowed to appeal again.

German enforcer wrong about food retail risks, says ABA

German enforcer wrong about food retail risks, says ABA

17 March 2017

The American Bar Association expressed doubt in comments published last week that Germany’s brick-and-mortar food retail sector was at risk of anticompetitive conduct, as claimed in a guidance note by the Federal Cartel Office.

Spain fines 34 transport companies

Spain fines 34 transport companies

16 March 2017

Spain’s competition enforcer yesterday fined 34 bus companies €9.19 million for rigging bids and engaging in cartel activity on the islands of Mallorca, Menorca and Ibiza.

Vestager warns on algorithms

Vestager warns on algorithms

16 March 2017

Enforcers need to be alert to automated systems that could be used to make price-fixing more effective, EU competition commissioner Margrethe Vestager said today.

ECJ clarifies publication of leniency information

ECJ clarifies publication of leniency information

14 March 2017

For the first time, the European Court of Justice has held that the European Commission’s public cartel decisions cannot feature verbatim information from the narrative section of leniency applications – and forced the enforcer’s hearing officers to conduct more in-depth reviews of companies’ confidentiality claims.

Damages directive going well, insists DG Comp official

Damages directive going well, insists DG Comp official

13 March 2017

The implementation of the European Commission’s damages directive in EU member states is going smoothly despite the passed deadline, said a policymaker who was instrumental in drafting it and will be speaking at GCR Live Cartels.