News

Australian bank accused of boycott with “extremist organisation”

A trade association that represents the Australian red meat industry has complained to the country’s competition authority that Bank Australia and an animal protection organisation have banded together to refuse financial services to red meat and livestock companies.

19 July 2021

Dutch enforcer issues first excessive pricing fine

The Dutch competition authority has fined Leadiant Biosciences €17.9 million for charging excessively high prices for a drug used to treat a rare genetic metabolic disorder, marking the first time it has ever imposed a penalty for such an infringement.

19 July 2021

EU closes airline ticket sales MFN probe

The European Commission has dropped its investigation into airline ticket distribution systems Amadeus and Sabre because it could not find enough evidence that the parity clauses they imposed on airlines and travel agents restricted competition.

19 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

Greece consults on regulatory “sandbox” for sustainability initiatives

Greece’s Competition Commission is seeking feedback on plans to establish a regulatory sandbox that would allow businesses to test and pursue sustainability agreements without the fear of violating competition rules.

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

UK hits pharma companies with £266 million fines for overcharging health service

The UK’s Competition and Markets Authority has fined four drugmakers over £266 million for inflating the price of a life-saving drug by over 10,000% and preventing the entry of competing medicines.

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

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

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