Topic: Price fixing

China punishes major cement cartel

China’s competition watchdog has fined a cement cartel €18.1 million for fixing prices and allocating markets in one of the country’s eastern provinces through a joint venture set up by seven companies.

12 February 2021

Finland proposes fining property management cartel

Finland's competition watchdog has asked the country's Market Court to fine six property management companies and the Finnish Real Estate Management Federation a total of €22 million for price fixing.

11 February 2021

Korea slaps steelmakers with €224 million cartel fines

The Korean antitrust watchdog has fined seven local steelmakers a combined 300 billion won (€223.7 million) for fixing prices through an eight-year cartel organised by Hyundai Steel.

27 January 2021

Cartel enforcement under Biden expected to shift focus

The Department of Justice’s cartel enforcers during the Biden administration are likely to re-engage on the international stage and reevaluate policies that may weaken incentives for applying for leniency, according to a report from Simpson Thacher & Bartlett.

27 January 2021

Mexico issues reduced fines to bonds cartel

Mexico’s antitrust watchdog has reverted to the country’s previous maximum cartel fine cap in sanctioning seven global banks and 11 traders for conspiring to fix bond prices.

26 January 2021

Singapore’s appeal board slashes record fines

Singapore’s Competition Appeal Board has reduced record fines levied against several chicken producers after finding that the country’s competition watchdog failed to prove that they agreed to share the market.

21 January 2021

Panasonic settles class action claim in Canada for $6.3 million

Panasonic has become the final company to settle a class-action lawsuit in Canada that accused eight electronics companies of conspiring to fix the price of lithium-ion battery cells.

20 January 2021

Germany lifts lid on manhole cover cartel

Germany's Federal Cartel Office has fined the country's two leading manufacturers of manhole covers a total of €6 million for fixing prices and allocating customers.

14 January 2021

Spain shuts down multiple solid fuel cartels

Spain’s competition authority has fined six companies and five executives a total of €3.7 million for operating three separate cartels in the solid fuels sector.

14 January 2021

Romania sanctions agricultural machinery cartel

Romania’s antitrust authority has fined a pair of machinery producers and seven distributors a combined €26.5 million for fixing prices of agricultural equipment sold to EU-funded projects.

13 January 2021

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