Topic: Market sharing

SAMR bulldozes concrete cartel run through unregistered trade association

China’s antitrust watchdog has fined seven companies more than €2.3 million for fixing the price of commercial concrete, restricting supply and allocating the market in the Fujian province through an unregistered trade association for nearly three years.

07 July 2022

Denmark seeks first fines since competition law amendment

Denmark’s antitrust watchdog has asked a local court to fine a home textiles supply association for entering into a market-sharing agreement with its member retail stores, which marks the first time the enforcer is using its new sanctioning procedure.

04 July 2022

UK consults on English Channel ferry commitments

A pair of ferry operators have offered to amend their capacity-sharing agreement to end a probe by the UK’s antitrust enforcer, but they still face the threat of sanctions from France’s Competition Authority.

13 June 2022

KFTC fines duck processing cartel

Korea’s Fair Trade Commission has fined nine duck meat processing companies and an industry association more than €4.6 million in total for fixing prices and restricting supply over nearly five and a half years.

08 June 2022

Scott + Scott instructs on UK power cables cartel class action

A former head of the UK’s gas regulator is seeking hundreds of millions of pounds from companies involved in the EU-wide power cables cartel on behalf of millions of UK consumers who allegedly overpaid for their electricity bills as a result of the collusion.

11 May 2022

France accuses outdoor advertisers of market sharing

France’s Competition Authority has sent a statement of objections to JCDecaux and Metrobus alleging that the pair colluded to share the outdoor advertising market as part of an agreement to jointly acquire a minority stake in another company.

20 April 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

Australian prosecutors drop all charges in landmark cartel case

Australian prosecutors have taken the surprise decision not to pursue an indictment charging Citigroup, Deutsche Bank and several individuals of a criminal cartel conspiracy to distribute shares after a capital raising fell short.

11 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

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