Region: Europe

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

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

Banks urge UK tribunal to avoid opt-out route in Forex cartel claims

Neither of the proposed UK class actions seeking damages from members of the Forex cartel should proceed on an opt-out basis, the defendant banks have argued.

14 July 2021

CMA set to take telecoms deal to Phase II

Cellnex has five days to offer remedies that address competition concerns related to its proposed acquisition of certain CK Hutchison assets to avoid an in-depth probe, the UK’s Competition and Markets Authority has said.

14 July 2021

Italian court annuls fines on country’s biggest telecoms companies

An Italian court has overturned a decision by the country’s antitrust watchdog to fine four telecommunications companies €228 million for allegedly agreeing to fix monthly mobile phone prices because the authority failed to provide sufficient evidence of any unlawful collusion.

14 July 2021

Forex cartel had marketwide impact on every currency trade, UK tribunal told

Banks that rigged foreign exchange rates for specific currency trades also tacitly colluded on pricing strategies, affecting other trades between different customers and banks that were not part of the conspiracy, an expert economist has told the UK’s Competition Appeal Tribunal.

13 July 2021

France fines Google for breaching multiple injunctions

France’s Competition Authority has fined Google €500 million for breaching interim measures related to its negotiations with news publishers to determine an acceptable fee for displaying content in its search results.

13 July 2021

CMA begins first Phase II review in parallel with EU enforcer

The UK’s Competition and Markets Authority has fast-tracked its investigation into a proposed tie-up between two Finnish cargo equipment suppliers, marking the first time it has launched an in-depth review in parallel with the European Commission.

13 July 2021

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