Work Area: Cartels

South Africa seeks to fine spark plug maker in auto parts probe

The Competition Commission of South Africa has urged the country’s specialist antitrust tribunal to fine NGK Spark Plug Company for its role in the global auto parts cartel.

22 July 2021

New Zealand’s enforcer goes after Google Ads agreements

New Zealand’s antitrust authority is seeking a declaration from the High Court that a consumer loan company violated the country’s anti-cartel rules by allegedly agreeing with rivals not to appear in each other’s Google search results.

21 July 2021

UK government proposes major overhaul of competition rules

The UK government has released a slew of proposals intended to beef up the country’s competition regime, including a revamp of existing market investigation powers and a new status quo whereby the executive could intervene more readily in steering competition policy.

20 July 2021

Potential Korean price-fixing penalties face strong political pressure

The Chinese government has expressed concern over the potential imposition of major fines by Korea’s competition watchdog against 23 liner operators – including some Chinese companies – for allegedly colluding to fix freight rates.

20 July 2021

Second Circuit affirms dismissal of bond cartel lawsuit

Allegations that more than 20 banks conspired to form a bond-trading “super-desk” are too broad to be plausible, a federal appellate court has said in affirming a lower court’s decision to dismiss the case.

20 July 2021

UK Forex class actions will collapse if not pursued as opt-out claims, counsel argues

Neither of the proposed claimants seeking to bring collective damages actions against members of the Forex cartel will pursue opt-in claims if their bids for opt-out certification fail, the UK’s Competition Appeal Tribunal has heard.

16 July 2021

ECJ clarifies jurisdiction in Spanish trucks cartel damages claim

The European Court of Justice has confirmed that a specific court in Spain should hear a follow-on claim against Volvo for damages that arose from the trucks cartel, after clarifying EU rules on international and territorial jurisdiction.

16 July 2021

DOJ’s first criminal no-poach case expands with DaVita indictment

A federal grand jury has indicted healthcare company DaVita and its former chief executive for allegedly conspiring with rival companies not to hire each other’s employees.

16 July 2021

The Asia-Pacific Round-up (16 July 2021)

News in brief from the Asia-Pacific region… As each week goes by, there are near constant developments in China’s “Big Tech Crackdown”, which has touched nearly every major technology company in the country. China’s competition watchdog has kept Tencent in its sights for some time, but recently took its most significant decision against the homegrown technology company – blocking outright a planned merger.

15 July 2021

Austrian court urged to fine construction sector cartel

The Austrian Federal Competition Authority has asked a local court to fine two Strabag Group subsidiaries a total of €45.4 million as part of the enforcer’s largest-ever cartel investigation into the construction sector.

15 July 2021

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