Work Area: Cartels

South Africa seeks maximum fine for vehicle finance collusion

The Competition Commission of South Africa has urged the country’s antitrust tribunal to fine three vehicle finance providers for colluding to allocate customers and suppliers for over 21 years through a restrictive clause in a joint venture agreement.

04 February 2022

Australian prosecutors seek jail time in currency price-fixing case

Australian prosecutors have rejected arguments that a cartel to fix foreign exchange rates by three independent money transfer businesses did not harm the market, recommending that custodial sentences be imposed on the accused individuals.

04 February 2022

India fines tyre cartel more than €200 million

The Competition Commission of India has fined five tyre companies more than €200 million for colluding to increase prices and limit supply, in an order it has only now been able to publish after three years of litigation challenging its right to unseal the infringement decision.

04 February 2022

Australian court considers first individual sentences for criminal cartel charges

Several individuals who have admitted to fixing foreign exchange rates have urged an Australian court not to impose custodial sentences on them, arguing that the conspiracy caused little harm to consumers.

03 February 2022

Vestager unwilling to consider out-of-market sustainability benefits

EU competition commissioner Margrethe Vestager has said she is “not ready” to adopt the view that wider sustainability-related benefits to a broad range of consumers can excuse harm to those within the specific market where anticompetitive conduct takes place.

03 February 2022

Scania loses appeal against €880 million trucks cartel fine

The EU’s General Court has upheld the €880.5 million fine that the European Commission imposed on the only non-settling defendant in the EU trucks cartel, ruling that the hybrid settlement procedure did not interfere with Scania’s presumption of innocence.

02 February 2022

Greece settles refugee catering cartel probe

Greece’s Competition Commission has settled a cartel probe into four catering companies that entered into exclusive cooperation agreements to provide catering services to refugees on two islands in the Aegean Sea.

01 February 2022

China reiterates commitment to tackle antitrust issues in pharma sector

China will strengthen enforcement against anticompetitive conduct in the pharmaceutical sector, according to a statement issued by the country’s Ministry of Industry and Information Technology.

31 January 2022

Chip cartelists escape €480 million follow-on claim on limitation grounds

Gemalto had sufficient reason to believe it may have been the victim of the smart card chip cartel by the time the European Commission issued its statement of objections, a UK court has ruled while dismissing the company’s follow-on claim as time-barred.

28 January 2022

Chilean tribunal fines aerial firefighting cartel

Chile’s competition tribunal has fined two forest firefighting companies over €5.7 million for forming a cartel that rigged bids and fixed the price of aircrafts used to combat forest fires.

28 January 2022

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