Work Area: Cartels

Australian prosecutors drop all charges in landmark cartel case

Australian prosecutors have taken the surprise decision not to pursue an indictment charging Citigroup, Deutsche Bank and several individuals of a criminal cartel conspiracy to distribute shares after a capital raising fell short.

11 February 2022

Austria seeks penalty against leniency applicant in submetering cartel

Austria’s Federal Competition Authority has urged the country’s Cartel Court to fine energy company ista €2.2 million after it admitted to colluding with rivals through an industry association.

10 February 2022

KFTC fines concrete makers for price-fixing

The Korean competition authority has fined 19 concrete producers and suppliers a total of €9.5 million for fixing the price of ready-mix concrete and allocating the market over an eight-year period.

10 February 2022

Malaysian enforcer fails to reinstate cartel fine, succeeds in other cases

Malaysia’s top court has issued three rulings involving the country’s competition watchdog, including dismissing an appeal by the agency against a judgment that set aside its first-ever antitrust penalty.

10 February 2022

Germany settles with bridge component cartel members

Two bridge component manufacturers have agreed to pay Germany’s Federal Cartel Office €7.3 million to settle allegations that they shared the market for over a decade, although they continue to face a criminal bid-rigging probe by the country’s public prosecutor.

10 February 2022

EU does not have to refund heat stabilisers cartel fine, General Court rules

The European Commission need not refund the €3.3 million penalty that GEA Group provisionally paid when it was found liable for its subsidiaries’ roles in the heat stabilisers cartel, even though one of the agency's earlier decisions imposing those fines has been struck down, the EU General Court has held.

09 February 2022

Canadian enforcer calls for competition act overhaul

Canada’s Competition Bureau is calling for a major revamp of the country’s antitrust law, including eliminating efficiencies defences and lowering the standards for injunctions in merger reviews, as well as raising the penalties for abuse of dominance.

09 February 2022

Israel raids Unilever in criminal price-fixing probe

Israel’s Competition Authority has raided the premises of Unilever, as part of an ongoing criminal investigation into alleged price-fixing in the food retail market.

09 February 2022

EU drafts guidance on dual distribution information exchanges

The European Commission has set out new guidance dealing with information exchange in dual distribution systems, which seemingly backtracks on a controversial proposal to only exempt these exchanges from competition rules when the parties’ market share is less than 10%.

07 February 2022

Brazil probes global sports broadcasting cartel

Brazil’s antitrust enforcer has said it has serious indications that eight sports media agencies and broadcasters, including Telefónica and the European Broadcasting Union, colluded over the acquisition of sports broadcasting rights on a worldwide basis.

04 February 2022

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