Work Area: Cartels

Tokyo Olympics cartel probe reportedly secures another confession

Japanese advertising company Dentsu Group has reportedly admitted to colluding to rig dozens of bids to advertise and plan test events for the 2020 Tokyo Summer Olympics, less than two months after rival Hakuhodo purportedly confessed its role in the infringement.

31 January 2023

Turkish court annuls Roche and Novartis cartel fines over lack of evidence

A Turkish court has overturned the national antitrust watchdog’s decision to fine Roche and Novartis over €30 million in combined penalties for conspiring to spread misinformation about a cheaper eye treatment drug, ruling the authority failed to demonstrate illegal collusion.

30 January 2023

South Africa seeks toughest penalty in face mask cartel probe

South Africa’s antitrust watchdog has asked the country’s specialist competition tribunal to impose the harshest possible fines on two personal protective equipment suppliers that it says fixed prices and divided the market during the height of the covid-19 pandemic.

27 January 2023

UK tribunal suspends CMA’s daily noncooperation fines against BMW

The UK’s Competition Appeal Tribunal has paused the antitrust enforcer’s daily fines against BMW for failing to provide information during a probe into alleged collusion in the vehicle recycling market while the company challenges the ruling.

26 January 2023

CMA warns airport operators against exchanging pricing information

The UK’s Competition and Markets Authority and the country’s aviation regulator have warned several airport operators not to share confidential information after citing “intelligence” that suggests some companies may be breaching antitrust rules.

26 January 2023

UK financial regulator sends rare SO over money transfer price-fixing

The UK’s Financial Conduct Authority has issued its second known antitrust chargesheet, accusing three international money transfer service providers of fixing the rates they charged Scottish customers for wiring funds to Pakistan.

26 January 2023

Germany sends chargesheet to group of medical associations

Germany’s competition authority has alleged that a syndicate of associations representing medical aid providers unlawfully banded together across the country to force health insurers to charge higher prices for their products.

25 January 2023

Korea seeks criminal charges for cartel probe obstruction

Korea’s Fair Trade Commission is seeking criminal charges against a domestic truckers’ union for obstructing the agency’s cartel-related dawn raid by refusing access to its headquarters amid a nationwide protest over freight rates.

25 January 2023

General Court reverses heat stabiliser cartel ruling

The EU’s General Court has ruled that the European Commission did not breach the principle of equal treatment when recalculating fines on three companies in the heat stabiliser cartel that belonged to the same economic group.

25 January 2023

CADE investigates business intelligence cartel

Brazil’s antitrust enforcer has launched a wide-reaching investigation into 18 companies and 25 individuals over suspicions they rigged tenders for business intelligence products and services.

24 January 2023

Unlock unlimited access to all Global Competition Review content