On May 16th, 2019, the European Commission announced that it has entered into two settlements decisions with five banks (Barclays, The Royal Bank of Scotland, Citigroup, JPMorgan and MUFG), which have been fined €1.07 billion for taking part in two cartels in the Spot Foreign Exchange market for 11 currencies – namely Euro, British Pound,…
The EU Commission has fined the car safety equipment suppliers Autoliv and TRW € 368 277 000 for taking part into two cartels for the supply of car safety equipments to European car producers. The suppliers acknowledged their involvement in the cartels and agreed to settle the case. According to the Commission, the three car equipment…
The European Commission has fined Guess for restricting retailers from online advertising and selling cross-border to consumers in other Member States in breach of article 101 of TFEU. Because of Guess cooperation with the Commission, a reduction of the fine by 50% has been applied and the fine imposed amounts to €39.821.000,00. The Commission opened…
In case T-691/14, the General Court of the European Union (the “GC”) has reduced Servier’s fine for abuse of dominance position through a pay-for-delay practice by €102.67 million. According to the GC, the European Commission (the “Commission”) incorrectly defined the relevant market and it erroneously limited the market to perindopril, while it should have included…
On February 21, 2018, in three separate settlement decisions, the European Commission fined four maritime car carriers €395 million, two suppliers of spark plugs €76 million, and two suppliers of braking systems €75 million for having concluded anti-competitive agreements in breach of article 101 TFEU. I. Maritime car carriers The Commission found that the…
On December 8, 2017, the European Commission found that International Skating Union’s (“ISU”) rules imposing penalties on athletes, who participate in speed skating competitions that have not been authorised by the ISU, are in breach of antitrust law. The ISU is the sole body recognised by the International Olympic Committee to administer the sports of figure…
The European Commission has fined Tokai Rika, Takata, Autoliv, Toyoda Gosei and Marutaka a total of € 34 million for breaching EU antitrust rules. The five suppliers acknowledged their involvement in the cartels and agreed to settle the case. Takata was not fined for three of the cartels as it revealed their existence to the…
On September 27, 2017, the European Commission found that Scania broke EU antitrust rules. The collusion concerned the new emission technologies required by the Euro III to Euro VI environmental standards, specifically coordination on timing and coordination on passing on of costs of emission technologies for trucks compliant with newly introduced emissions standards. The infringement…
On September 15, 2017, the ECJ rejected LG Electronics’ (“LG”) and Philips Electronics’ (“Philips”) appeals against the General Court’s judgment of 2015 that confirmed the Commission’s infringement decision in the cathode ray tube (“CRT”) cartel. The judgment today ends the companies’ fight against the 2012 fines for their involvement in the cartel by the CRT manufacturing joint venture…
On 24 August 2017, the Competition and Markets Authority (“CMA”) adopted an infringement decision against the Golf club manufacturer Ping Europe Limited (“Ping”) for banning UK retailers from selling its golf clubs online. More precisely, Ping was found to breach Chapter I of the Competition Act 1998 and Article 101 TFEU by preventing two UK…