Work Area: Cartels

Indonesian enforcer partners with attorney general to recover delinquent fines

Indonesia’s antitrust watchdog has partnered with the attorney general’s office to recover fines that more than 300 companies have refused to pay for competition law violations over the past decade.

08 November 2022

Hong Kong nets record €19.5 million settlement for air conditioning cartel

A Hong Kong-based building services provider has agreed to pay a record-high €19.5 million fine for rigging bids to service air conditioning units in a settlement that resolves two separate probes.

04 November 2022

Study finds significant sharing of leadership in life sciences industry

Last month, the Department of Justice revived its enforcement of rules that restrict directors from serving on the boards of rival companies. GCR USA spoke with Stanford University professor Mark Lemley, who says a study he recently published shows that the Antitrust Division’s interventions have merely scratched the surface when it comes to interlocking directorates in the pharmaceuticals sector.

04 November 2022

“Symbiotic relationship” exists between antitrust and inequality, says former judge

Competition law can address inequality issues by ensuring corporate power does not deprive businesses of fair opportunities or leave consumers facing unnecessarily high prices, a former judge at South Africa’s Competition Appeal Court has said.

03 November 2022

Korean leniency applications directly affected by US decline, lawyer says

A widely-reported decline in US leniency applications has had a “huge impact” on the number of companies reporting cartel conduct to Korea’s Fair Trade Commission, a local lawyer has said.

02 November 2022

New Zealand ends long-running freight forwarding cartel probe without further penalties

New Zealand’s antitrust watchdog has issued formal warnings to eight international freight forwarding companies that it says likely conspired with a pair of suppliers with which they also competed.

02 November 2022

The wait is over: DOJ resurrects Section 2 criminal charges

US antitrust lawyers will remember Halloween 2022 as the day that criminal enforcement of Section 2 of the Sherman Act was resurrected. Norton Rose Fulbright partner Carsten Reichel describes how the Department of Justice Division secured a “near-perfect storm” of facts in its first criminal monopolisation case in nearly a half-century and explores the obstacles the agency faces if it cannot secure a guilty plea.

02 November 2022

Portugal fines teleradiology cartellist

The Portuguese Competition Authority has ordered a local subsidiary of global medical services company Unilabs Group to pay a €5 million cartel fine for rigging bids for teleradiology services.

01 November 2022

DOJ revives criminal Section 2 enforcement with guilty plea

An asphalt contractor has pleaded guilty to attempting to monopolise the market for highway crack-sealing services, marking the first time the Department of Justice has alleged a criminal violation of Section 2 of the Sherman Act in 45 years.

01 November 2022

CAT allows appeal against first-ever opt-in certification ruling

The UK’s specialist competition tribunal has stayed an opt-in collective damages claim against members of the EU trucks cartel to allow a competing claimant group to challenge its certification decision.

31 October 2022

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