Topic: Price fixing

Indian court says financial regulator has jurisdiction over bank cartel case

The Competition Commission of India should delay its cartel probe into three major domestic banks until the country’s financial regulator concludes its preliminary investigation into the conduct, the Bombay High Court has ruled.

11 April 2022

A Q&A with Iskandar Ismail

Iskandar Ismail has been chief executive of Malaysia’s Competition Commission since October 2018. In an interview with GCR, he discussed pursuing legal reforms in response to a high-profile loss at Malaysia’s top court and prioritising a non-voluntary merger control regime as part of a suite of amendments to the country’s competition law.

08 April 2022

Italy probes petrol stations over price-fixing

Italy’s Competition Authority has raided 11 petrol stations after they allegedly agreed to fix the price of fuel in a northern municipality for 10 years, although the agency clarified that the investigation is separate to recent requests for information sent to the country’s main oil companies.

06 April 2022

Chilean court dismisses due process breach claim

Chile’s Constitutional Court has quashed a security company’s complaint that its rights were violated when the country’s competition enforcer denied it full access to evidentiary files, allowing a trial it suspended nearly three months ago to recommence.

01 April 2022

Meat industry faces parallel antitrust class actions in Canada

A Canadian consumer protection group has launched a standalone price-fixing class action claim against four major US beef processors and their Canadian subsidiaries in a court in Québec, one month after a similar antitrust lawsuit was filed in British Columbia.

01 April 2022

General Court upholds EU air cargo decision but slashes several airline fines

The EU’s General Court has largely confirmed the European Commission’s readopted air cargo cartel decision, while cutting fines imposed on six airlines for their role in the conspiracy to fix surcharges on global flights.

30 March 2022

CADE fines roll-on, roll-off conspirator after six-year probe

Brazil’s competition watchdog has fined global shipping company Höegh Autoliners and one individual a total of €5 million for their role in the international roll-on, roll-off price-fixing cartel.

25 March 2022

CADE punishes coating resin cartel

Brazil’s competition authority has fined two companies and five individuals a total of €8.8 million for fixing prices and exchanging sensitive information over a 14-year period in the domestic coating resin market.

24 March 2022

EU enforcers step up response to Russian invasion

As antitrust authorities increasingly probe rising gas prices stemming from Russia’s attack on Ukraine, the European Competition Network has vowed not to enforce against competitor cooperation that aims to avoid “severe disruptions caused by the impact of war”.

21 March 2022

Korea hits chicken cartel with €129 million fine

Korea’s Fair Trade Commission has fined 15 poultry-processing companies nearly €129.7 million for colluding to fix prices for broiler chicken meat over 12 years – referring five of the companies for criminal prosecution.

16 March 2022

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