News

US DOJ won’t limit cartel fight to “smoking gun,” official says

US DOJ won’t limit cartel fight to “smoking gun,” official says

28 March 2017

Recent court decisions referring to foreign-based cartels that “target” the US will not keep the US Department of Justice from prosecuting price fixing on a broader basis, a senior official at the DOJ’s antitrust division said today.

Ofcom fines BT for “serious breach” of contract

Ofcom fines BT for “serious breach” of contract

28 March 2017

BT is set to pay £42 million after the UK’s telecommunications regulator found the broadband network provider had abused existing contracts with its competitors to avoid payments it owed for delayed connections on lines it leases to them.

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.

DG Comp conditionally clears Dow/DuPont

DG Comp conditionally clears Dow/DuPont

27 March 2017

The European Commission today approved the $140 billion (€128 billion) merger between US agrichemical groups Dow Chemicals and DuPont, subject to the divestment of a substantial part of DuPont’s pesticides business.

DG Comp probes more tie-ups for misleading information

DG Comp probes more tie-ups for misleading information

27 March 2017

The European Commission is reviewing two to four deals cleared within the last five years to see if merging companies provided misleading information during EU merger proceedings.

Belgium fines yeast manufacturer for RPM

Belgium fines yeast manufacturer for RPM

27 March 2017

Belgium’s Competition Authority fined yeast producer Algist Bruggeman €5.5 million on Thursday for fixing the prices at which its distributors could sell fresh yeast to bakeries, marking the enforcer’s first resale price maintenance fine.

India kills competition tribunal

India kills competition tribunal

24 March 2017

Observers say legislation disbanding India’s Competition Appellate Tribunal will harm the development of competition law jurisprudence and the independence of judges overseeing appeals against the Competition Commission of India.

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.

Booking.com faces price coordination probe

Booking.com faces price coordination probe

24 March 2017

Hungary’s Competition Authority has opened an investigation into travel website Booking.com after raiding the company earlier this month.

India investigates Dow/DuPont merger

India investigates Dow/DuPont merger

24 March 2017

The Competition Commission of India initiated the equivalent of a Phase II investigation into the merger between chemical and agricultural giants Dow Chemicals and DuPont on Wednesday, saying that the deal was likely to have an “appreciable adverse effect on competition in India”.

Coca Cola distributor in hot water for alleged abuse

Coca Cola distributor in hot water for alleged abuse

23 March 2017

Israel’s Antitrust Authority plans to fine Coca Cola’s local distributor 62.7 million shekels (€15.9 million) – the country’s highest-ever antitrust fine – for engaging in a suite of allegedly abusive practices.