Work Area: Cartels

ECJ rejects Goldman Sachs power cables appeal

The European Court of Justice has dismissed Goldman Sachs' appeal against its power cables cartel fine, finding that the investment bank had a decisive influence over its former subsidiary Prysmian.

27 January 2021

CMA adds voice to sustainability debate

The UK’s antitrust watchdog has published advice for businesses on sustainability agreements, matching calls from its Dutch counterpart to exempt certain types of cooperation from competition rules.

27 January 2021

Dutch enforcer calls for cohesion on sustainability across EU

The Dutch competition authority has said its draft guidelines on sustainability agreements are ready to be discussed at an EU-wide level after updating the advice to clarify what types of cooperation qualify for exemptions from antitrust rules.

27 January 2021

Korea slaps steelmakers with €224 million cartel fines

The Korean antitrust watchdog has fined seven local steelmakers a combined 300 billion won (€223.7 million) for fixing prices through an eight-year cartel organised by Hyundai Steel.

27 January 2021

Cartel enforcement under Biden expected to shift focus

The Department of Justice’s cartel enforcers during the Biden administration are likely to re-engage on the international stage and reevaluate policies that may weaken incentives for applying for leniency, according to a report from Simpson Thacher & Bartlett.

27 January 2021

DAF challenges funding in UK trucks claims

The funding agreements used to fuel two separate class actions seeking damages from the EU trucks cartel do not comply with UK law, DAF has argued before a UK appellate court.

26 January 2021

Mexico issues reduced fines to bonds cartel

Mexico’s antitrust watchdog has reverted to the country’s previous maximum cartel fine cap in sanctioning seven global banks and 11 traders for conspiring to fix bond prices.

26 January 2021

Romania sanctions wood processing cartel

Romania’s antitrust watchdog has fined 31 logging companies a total of €26.6 million for rigging bids to purchase wood plots from the country’s national forest authority.

25 January 2021

Novartis and Roche ordered to pay €30.9 million cartel fine

The Turkish Competition Authority has become the latest enforcer to fine pharmaceutical companies Novartis and Roche for colluding to exaggerate a drug's potential side effects to encourage users to purchase a more expensive one.

22 January 2021

EU’s highest court warns of underenforcement due to limitation periods

National competition regimes that do not pause the statute of limitations while an antitrust authority conducts an investigation may present a “systemic risk” that anticompetitive conduct goes unpunished, the European Court of Justice has said.

22 January 2021

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