Work Area: Cartels

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

EU enforcer made to pay compound interest on annulled cartel fines

The European Court of Justice has clarified what default interest the European Commission has to pay when refunding cartel fines annulled by the EU courts.

21 January 2021

Ireland consults on competition law changes

Ireland’s government has proposed a suite of new reforms that would empower the country’s antitrust enforcer to bring gun-jumping cases and unwind already-competed deals that fall below merger notification thresholds.

21 January 2021

Singapore’s appeal board slashes record fines

Singapore’s Competition Appeal Board has reduced record fines levied against several chicken producers after finding that the country’s competition watchdog failed to prove that they agreed to share the market.

21 January 2021

UK mobile operators challenge disclosure ruling

Judges presiding over competition law damages claims cannot order defendant companies to ask their employees to hand over personal electronic devices, the UK’s leading mobile operators have argued before the Court of Appeal of England and Wales.

19 January 2021

Colombia issues first Odebrecht collusion fines

Colombia’s competition authority has fined Odebrecht, two other construction companies and four individuals a combined €70.6 million for rigging a tender to construct a highway project worth more than €1 billion.

18 January 2021

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