News

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.

Vodafone India and Idea Cellular announce merger

Vodafone India and Idea Cellular announce merger

21 March 2017

Vodafone yesterday agreed to merge its Indian operations with Idea Cellular, creating the country’s largest telecoms operator – but the deal is subject to clearance from the Indian competition watchdog.

CRA promotes in London

CRA promotes in London

21 March 2017

Simon Chisholm, the former head of merger economics for the UK Competition and Markets Authority, will become a vice president at Charles River Associates effective 1 April.

Germany proposes a separate digital antitrust enforcer

Germany proposes a separate digital antitrust enforcer

20 March 2017

Germany’s economics ministry has issued sweeping proposals that appear to promote a protectionist approach to European digital markets, including the creation of a digital watchdog with an antitrust mandate – the necessity of which is questioned by experts and the existing competition authority.

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.

South Africa confirms settlement in maize cartel

South Africa confirms settlement in maize cartel

20 March 2017

The Competition Tribunal of South Africa on Thursday signed off on a fine of 10 million rand (€740,000) on Blinkwater Mills for fixing the price of maize, in another settlement of one of the longest running complaints in the history of the competition authority.

Stewarts Law hires one partner, loses another

Stewarts Law hires one partner, loses another

20 March 2017

Kenny Henderson joined litigation boutique Stewarts Law today as partner, leaving behind his position as of counsel at Covington & Burling, while current Stewarts partner Scott Campbell prepares for his return to Hausfeld next month.

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.

Japan warns Deutsche Bank over bid-rigging bonds

Japan warns Deutsche Bank over bid-rigging bonds

17 March 2017

Japan’s competition authority issued a warning to Deutsche Bank on Wednesday for exchanging information with Citi Securities and rigging bids in the European government bond market, in a rare investigation into cartels in the Japanese finance sector.

Egypt charges ex-football president with criminal abuse of dominance

Egypt charges ex-football president with criminal abuse of dominance

17 March 2017

Egypt’s Prosecutor’s Office has charged the former president and the current secretary-general of the governing body of football in Africa in Cairo Economic Court this week for their roles in allegedly anti-competitive agreements with Lagardère Sports.

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.