News

GSK and generic drugmakers prepare for marathon CMA court fight

GSK and generic drugmakers prepare for marathon CMA court fight

24 February 2017

Six companies are set to begin a marathon five-week appeal against the UK Competition and Markets Authority’s first pay-for-delay decision.

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.

Greek brewer seeks €100 million from Heineken

Greek brewer seeks €100 million from Heineken

24 February 2017

An independent Greek brewer has sued global beer maker Heineken in a Dutch regional court, arguing that an abuse of dominance fine levied by Greece’s competition authority in 2015 failed to stop Heineken from harming smaller rivals.

3G Capital ducks antitrust issues as it pushes for consolidation

3G Capital ducks antitrust issues as it pushes for consolidation

23 February 2017

After waves of potential and realised consolidation over the past decade, the global food industry approached major concentration again this week, raising possible antitrust concerns over the powerful Brazilian investment firm behind many of the industry’s deals and buyouts.

DG Comp investigation could reset dynamic between airlines and suppliers

DG Comp investigation could reset dynamic between airlines and suppliers

23 February 2017

If the European Commission decides to charge airline equipment manufacturers with violating competition law, it could help reset the dynamic between airlines and equipment suppliers, a lawyer acting on the case said yesterday.

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.

New Zealand scuppers Sky/Vodafone deal

New Zealand scuppers Sky/Vodafone deal

23 February 2017

New Zealand’s Commerce Commission today rejected the proposed merger of Sky TV and Vodafone New Zealand – less than a day after the country’s High Court agreed to injunct the deal if the enforcer decided to clear it.

Icelandic post agrees conditions to curb allegedly anti-competitive behaviour

Icelandic post agrees conditions to curb allegedly anti-competitive behaviour

23 February 2017

Iceland’s competition watchdog has agreed settlement conditions with the national postal service of Iceland, Íslandspóstur, in an attempt to resolve competition concerns in the sector.

Qualcomm appeals against record fine in Korea

Qualcomm appeals against record fine in Korea

22 February 2017

Qualcomm has asked a Korean court to overturn a 1.03 trillion won (€816 million) antitrust fine and stay a suite of behavioural remedies Korea’s Fair Trade Commission had designed to restore competition in mobile phone patents and chipset markets.

New York judge strikes some Euribor claims

New York judge strikes some Euribor claims

22 February 2017

A federal judge yesterday dismissed claims against 11 international banks accused of being involved in Euribor rigging, but refused to quash an antitrust claim against Citigroup and JP Morgan.

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.