News

Japan expected to impose record cartel fines on electricity utilities

Japan’s antitrust watchdog is reportedly gearing up to impose its highest-ever cartel fines on three electric utility companies that allegedly agreed not to compete with each other after the country’s electricity market was deregulated in 2016.

28 November 2022

Australia to tweak foreign investment approach for critical minerals with eye on China

Australia’s treasurer has said the country needs to be more “assertive” in encouraging foreign investment in critical mineral markets that aligns with its long-term national interest, as the government signals closer scrutiny of approval applications in that sector.

28 November 2022

Brazil challenges health insurance merger over duopoly concerns

Brazil’s competition authority has asked its administrative tribunal to block Hapvida's purchase of rival Smile, less than a year after prohibiting another attempted acquisition by the health insurance provider.

25 November 2022

Australia allows supermarket recycling cooperation in rare sustainability-focused authorisation

Australia’s competition watchdog has allowed three major supermarket chains to form a recycling “taskforce”, granting their urgent request to cooperate following the suspension of the country’s only return-to-store plastics programme.

25 November 2022

Austria urges top court to intervene in construction cartel case

Austria’s antitrust watchdog has asked the country’s highest court to rebuke a lower court for refusing to review and amend a leniency applicant’s cartel fine, arguing that the purported legal loophole does not exist.

25 November 2022

US Department of Energy official to speak at GCR Live: Foreign Investment Control

Michael Considine, the deputy assistant secretary for international affairs at the US Department of Energy, has been confirmed as a speaker for GCR Live: Foreign Investment Control in London next month.

25 November 2022

Landmark class action claim targets wastewater companies

Law firm Leigh Day plans to file the UK’s first-ever "environmental" collective action against several wastewater companies accused of breaching the country's antitrust rules, a week after an economic consultancy urged the country’s competition authority to open a probe based on the same allegations.

24 November 2022

French court rejects EDF request to intervene in complaint appeal

A French court has rejected EDF's request to intervene in an appeal challenging the national competition authority's dismissal of a complaint against the state-owned energy provider for allegedly abusing its dominance.

24 November 2022

UK hones in on vet sector as private equity concerns grow

The UK’s antitrust enforcer is reviewing a veterinary care group’s completed acquisitions of eight independent vet practices, months after warning about creeping sector concentration as a result of private equity-funded buyouts.

24 November 2022

Australian court sanctions crane supplier for market sharing agreement

Australia’s Federal Court has sanctioned the country’s largest overhead crane supplier for entering into an illegal market sharing agreement with a competitor despite the companies never implementing the conspiracy.

23 November 2022

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