Work Area: Cartels

Taiwan doubles maximum reward for whistleblowers

Taiwan’s government has doubled the maximum reward available to whistleblowers who report collusive conduct.

18 November 2021

Korea fines four mobile payment platforms for collusion

Korea’s Fair Trade Commission has fined four mobile payment providers a combined 16.9 billion won (€12.6 million) for colluding to fix the fees they charged vulnerable customers.

17 November 2021

Concrete makers face multi-billion cartel damages claim in Brazil

The Brazilian public prosecutors' office is seeking €6.4 billion in follow-on damages from six concrete producers after the country’s competition watchdog found they cartelised the cement sector for 20 years.

16 November 2021

Australian pharmaceutical ingredient supplier pleads guilty to criminal cartel charges

An Australian producer of an active pharmaceutical ingredient for antispasmodic medication has pleaded guilty to criminal cartel charges after admitting it fixed prices, rigged bids and allocated customers.

16 November 2021

Former JPMorgan executives defend alleged conspiracy in Australian cartel case

A pair of former executives at JPMorgan have testified that an allegedly anticompetitive agreement to distribute Australia and New Zealand Banking Group shares by a trio of investment banks was done to mitigate risk to the market.

16 November 2021

NAR to require disclosures of broker commissions

The National Association of Realtors has said it will require its members to disclose the commission rates that real estate brokers collect on sales, a year after the Department of Justice filed a lawsuit against the industry group for allegedly violating Section 1 of the Sherman Act.

16 November 2021

Expanded air cargo cartel claims cleared for take-off

Victims of the global air cargo cartel can claim damages for harm that occurred before the current EU competition rules came into effect, the European Court of Justice has ruled.

11 November 2021

Judge orders immunity witnesses to appear before trial in landmark cartel case

The Australian judge presiding over a criminal cartel case against Deutsche Bank, Citigroup and several of their employees has ordered former executives for immunity witness JPMorgan to appear for pre-trial cross-examination.

10 November 2021

CAT orders UK enforcer to rethink approach to confidentiality in antitrust appeals

The UK’s Competition and Markets Authority must significantly curtail its “broad-brush” granting of confidentiality to third party witnesses once its decisions are challenged in court, the UK’s specialist competition tribunal has ruled.

09 November 2021

Korea fines transport companies for bid-rigging

Korea’s Fair Trade Commission has fined three shipping companies nearly €3.6 million for colluding to rig bids for transporting heavy equipment such as engines and forklifts over an eight year period.

08 November 2021

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