Topic: Price fixing

Korea hits ice cream makers with €100 million price fixing fines

Korea’s Fair Trade Commission has fined five confectionary companies nearly €100 million for marking-up the sales price of ice cream products and colluding with distributors to increase delivery fees for retailers.

17 February 2022

ACCC will learn from failed criminal cartel case, Sims stresses

There is “no doubt” that the collapsed ANZ cartel case went on for too long and Australia’s antitrust enforcer will “get as many lessons out of this as possible” – including potentially asking for simpler criminal cartel laws, agency chair Rod Sims has said.

17 February 2022

KFTC fines concrete makers for price-fixing

The Korean competition authority has fined 19 concrete producers and suppliers a total of €9.5 million for fixing the price of ready-mix concrete and allocating the market over an eight-year period.

10 February 2022

Germany settles with bridge component cartel members

Two bridge component manufacturers have agreed to pay Germany’s Federal Cartel Office €7.3 million to settle allegations that they shared the market for over a decade, although they continue to face a criminal bid-rigging probe by the country’s public prosecutor.

10 February 2022

EU does not have to refund heat stabilisers cartel fine, General Court rules

The European Commission need not refund the €3.3 million penalty that GEA Group provisionally paid when it was found liable for its subsidiaries’ roles in the heat stabilisers cartel, even though one of the agency's earlier decisions imposing those fines has been struck down, the EU General Court has held.

09 February 2022

Israel raids Unilever in criminal price-fixing probe

Israel’s Competition Authority has raided the premises of Unilever, as part of an ongoing criminal investigation into alleged price-fixing in the food retail market.

09 February 2022

India fines tyre cartel more than €200 million

The Competition Commission of India has fined five tyre companies more than €200 million for colluding to increase prices and limit supply, in an order it has only now been able to publish after three years of litigation challenging its right to unseal the infringement decision.

04 February 2022

Australian court considers first individual sentences for criminal cartel charges

Several individuals who have admitted to fixing foreign exchange rates have urged an Australian court not to impose custodial sentences on them, arguing that the conspiracy caused little harm to consumers.

03 February 2022

Credit Suisse to face trial in forex litigation

A federal New York judge has said there is sufficient evidence for claims to head to trial over Credit Suisse’s alleged involvement in a single overarching conspiracy to fix foreign currency exchange rates, but that a reasonable jury may still find the defendant not guilty.

03 February 2022

Scania loses appeal against €880 million trucks cartel fine

The EU’s General Court has upheld the €880.5 million fine that the European Commission imposed on the only non-settling defendant in the EU trucks cartel, ruling that the hybrid settlement procedure did not interfere with Scania’s presumption of innocence.

02 February 2022

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