Region: Portugal

Portugal fines banks €225 million for information exchange

Portugal’s antitrust watchdog has issued its highest-ever cartel fine to 14 banks for exchanging sensitive commercial data for more than 10 years.

11 September 2019

Portugal fines insurance cartelists €54 million

Portugal’s Competition Authority has issued its highest fines in a single investigation to five insurance companies, including a Zurich subsidiary, for dividing the national market from at least 2014 to 2017.

01 August 2019

Super Bock “astounded” by €24 million RPM fine

Portugal’s Competition Authority has fined Super Bock €24 million for imposing minimum resale prices on the brewer’s downstream retailers, in a decision that the company has said it will immediately appeal.

26 July 2019

Portugal issues SO to advertising trade groups

Portugal’s Competition Authority has issued a statement of objections to two advertising associations for allegedly capping the number of companies that could compete in a bid.

24 July 2019

Portugal joins data and algorithms debate

Portugal’s Competition Authority has warned that using algorithms to monitor and set prices could give rise to several anticompetitive practices, including discriminatory pricing and tacit collusion.

02 July 2019

National rules time-barring competition claims can violate EU law, General Court says

The EU’s General Court has said that a Portuguese law barring follow-on damages claims filed over three years after the anticompetitive conduct occurred is incompatible with EU law because it makes damages excessively difficult to collect.

28 March 2019

Portugal sends first hub-and-spoke SO

Portugal’s Competition Authority has sent statements of objections to six grocery chains and three drinks suppliers as part of its first investigation into an alleged hub-and-spoke cartel.

25 March 2019

Cuatrecasas hires investigations head from enforcer

The former director general for investigations at Portugal’s Competition Authority has joined Cuatrecasas in Lisbon, while firms in Brussels, Austria and India have also hired and promoted new partners.

20 March 2019

AG Kokott clarifies scope of damages claims

The EU Damages Directive only applies to claims that were brought in a member state after it implemented the directive and that relate to conduct that occurred after the directive was issued, an advocate general to the European Court of Justice has said.

17 January 2019

EU drops codeshare probe

The European Commission has dropped a seven-year investigation examining whether a codeshare agreement between Brussels Airlines and TAP Portugal restricted competition on flights between Brussels and Lisbon.

31 October 2018

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