Work Area: Cartels

CAT chairman questions alleged effects of Forex cartel

The UK judge overseeing two proposed class actions against members of the Forex cartel has laid out his initial concerns about both claimants’ theories of harm.

15 July 2021

Banks urge UK tribunal to avoid opt-out route in Forex cartel claims

Neither of the proposed UK class actions seeking damages from members of the Forex cartel should proceed on an opt-out basis, the defendant banks have argued.

14 July 2021

Italian court annuls fines on country’s biggest telecoms companies

An Italian court has overturned a decision by the country’s antitrust watchdog to fine four telecommunications companies €228 million for allegedly agreeing to fix monthly mobile phone prices because the authority failed to provide sufficient evidence of any unlawful collusion.

14 July 2021

Forex cartel had marketwide impact on every currency trade, UK tribunal told

Banks that rigged foreign exchange rates for specific currency trades also tacitly colluded on pricing strategies, affecting other trades between different customers and banks that were not part of the conspiracy, an expert economist has told the UK’s Competition Appeal Tribunal.

13 July 2021

UK tribunal hears competing forex claims in first-ever carriage dispute

A former inquiry chair at the UK’s antitrust watchdog and a former chairman of the country’s pensions regulator have appeared before the UK’s Competition Appeal Tribunal to argue why each of their respective proposed class actions against forex cartel members should be the one to proceed.

12 July 2021

Ninth Circuit refuses to overturn conviction in tuna case

The US Court of Appeals for the Ninth Circuit has affirmed a jury’s conviction of former Bumble Bee chief executive Christopher Lischewski for conspiring to fix prices of canned tuna.

09 July 2021

Italy probes Telecom Italia and DAZN over Serie A streaming agreement

Italy’s Competition Authority is investigating if a football broadcasting agreement between Telecom Italia and pay-TV provider DAZN restricts competition across various telecoms markets, following complaints from a host of rival broadcasters.

08 July 2021

EU fines carmakers €875 million for emissions tech collusion

The European Commission has determined that Daimler, BMW and the Volkswagen group agreed not to compete over emissions technology in diesel cars, in its first-ever cartel decision penalising collusion over technical standards.

08 July 2021

Merger probe unearths non-compete agreement in Portugal

The Portuguese Competition Authority has fined two waste management companies and six of their employees almost €3 million after a merger investigation uncovered an illegal agreement to eliminate competition.

07 July 2021

ACCC loses case against NSW Ports

Australia’s Federal Court has rejected the national competition enforcer’s accusations that a port operator’s compensation agreement with the New South Wales government infringed competition rules.

01 July 2021

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