Work Area: Cartels

Morocco strikes €166 million settlement with fuel cartel

Nine fuel companies have agreed to pay €166 million and committed not to manipulate prices at petrol stations to close a cartel investigation in Morocco.

24 November 2023

France sends SO to alleged no-poach cartel

France’s Competition Authority has accused several engineering, technology consulting and IT services companies of conspiring to implement no-poach agreements.

23 November 2023

EU fines Rabobank, confirms Deutsche Bank penalty waiver

Deutsche Bank has avoided a €156 million fine as the immunity applicant in a European Commission bonds trading cartel probe, though fellow conspirator Rabobank must pay a €26.6 million penalty.

22 November 2023

Korea hits dry ice cartel with €3.5 million fine

Six companies colluded to fix prices and allocate the market for dry ice sold to four ice cream companies over 12 years, Korea’s Fair Trade Commission has said.

20 November 2023

Turkey issues fourth hub-and-spoke cartel decision

L’Oréal and eight cosmetic companies have agreed to pay nearly €10 million in fines to settle allegations of resale price maintenance, online sales restrictions and hub-and-spoke cartel violations in Turkey.

17 November 2023

CAT communications ban is not a “gagging order”, ro-ro class representative argues

The UK’s Competition Appeal Tribunal was right to block unsupervised communication between defendants and class members in a roll-on, roll-off collective action, counsel to the class representative has argued.

16 November 2023

Airline ticket pricing algorithms face scrutiny in Italy

Italy’s Competition Authority has begun scrutinising pricing algorithms used in the domestic airline tickets market, a month after gaining new powers to impose remedies across the sector.

16 November 2023

Second bank breaks rank in South African forex cartel probe

South Africa’s Competition Tribunal has approved a €2.1 million settlement agreement between Standard Chartered Bank and the Competition Commission after the former confessed to rigging foreign exchange rates.

15 November 2023

CAT dismisses “premature” voluntary disclosure request in car shipping claim

The UK’s specialist competition tribunal has rejected a request by defendants in the roll-on, roll-off collective proceedings to send voluntary disclosure letters to certain class members, ruling that such an approach puts “the cart before the horse”.

15 November 2023

Hong Kong accuses real estate agency of fixing commission rates

Media reports and a leniency agreement have led Hong Kong’s Competition Commission to accuse one of the territory’s largest real estate agencies of illegally fixing commission rates.

15 November 2023

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