Korea hits auto parts cartel with big fines

Korea’s competition watchdog has fined four auto parts manufacturers more than €61 million for colluding to rig bids for weatherstrips on Hyundai and Kia cars over a 12 year period.

24 March 2021

Spain demands behavioural commitments in banking merger

Spain’s antitrust enforcer has given a conditional nod to CaixaBank’s €4.3 billion purchase of rival Bankia, clearing the way for the creation of the country’s largest domestic bank.

24 March 2021

UK warns of another merger block

The UK’s competition watchdog has said it intends to block the tie-up between equity crowdfunding platforms Crowdcube and Seedrs, after its fast-tracked in-depth review found the merged company would hold over 90% of the UK market.

24 March 2021

Rating Enforcement – have your say

This year for the first time, GCR is inviting feedback from our readers in private practice about the competition agencies they routinely work with through our inaugural Rating Enforcement: Market Perception survey.

24 March 2021

EssilorLuxottica wins EU approval for GrandVision deal

The European Commission has cleared EssilorLuxottica’s €7.2 billion acquisition of eyewear retailer GrandVision on the condition that the merged entity divest over 350 stores in Belgium, the Netherlands and Italy.

23 March 2021

Unilever fined €51 million for freezing out competition in Turkey

The Turkish Competition Authority has become the latest antitrust enforcer to penalise Unilever for imposing exclusivity requirements on distributors that sold its ice cream brands, hitting the company with a €51.6 million fine.

23 March 2021

Italian court turns to ECJ again in eye drug misinformation case

Italy’s supreme administrative court has asked the European Court of Justice to weigh-in for a second time on a challenge brought by Roche and Novartis against a €180.5 million collusion fine levied against them by the country’s competition enforcer.

23 March 2021

Apple pushes to pause Australian fight against Epic Games

Apple has urged an Australian court to stay Epic Games’ allegations that it illegally maintains its monopoly over the distribution of apps and in-app payment on its mobile platform while nearly identical claims play out in US court.

23 March 2021

Enforcers headline GCR’s Germany conference

Cani Fernández, the president of Spain’s National Commission for Markets and Competition, will give the keynote address at GCR Connect: Germany in May, while officials from Germany’s Federal Cartel Office will also speak at the event.

23 March 2021

CMA chief economist: DMA will capture more platforms than UK proposals

The UK’s proposed digital regulation will capture fewer online platforms than the EU’s Digital Markets Act, the chief economist of the UK’s Competition and Markets Authority has said.

22 March 2021

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