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…
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…
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 June 21, 2017, the European Commission has fined Automotive Lighting and Hella a total of €26.744.000 for participating in an automotive lighting cartel. The cartel concerned the supply of vehicle lighting systems, that include parts such as headlamps or daytime running lights, to manufacturers of passenger and commercial vehicles after the end of mass…
The European Commission has readopted a cartel settlement decision against the envelopes manufacturer Printeos and it has re-imposed a fine of €4,729,000 for its participation in a price fixing cartel. In December 2014, in order to close the Commission’s investigation, Printeos and four other manufacturers entered into a settlement agreement. However, in December 2016…
The Italian, French and Swedish Antitrust Authorities, in coordination with the European Commission, have accepted the commitments submitted by Booking.com. The three national watchdogs launched domestic investigations on the online travel agent in 2014, to which followed a market test of the European Commission. The main concern of these investigations were the so-called “parity clauses”…
The CMA has opened a consultation on draft guidance on its power to approve redress schemes offered in competition cases. This is due to the new Consumer Rights Act 2015 expected to come into force in October 2015, that will give parties to competition investigations who have breached the law the power to submit a…
The CLaSF is inviting contributions to its forthcoming workshop on “Object and/or effects in Competition Law”, that will be held at the Lancaster Law School, on Friday 24 April 2015. Call for Papers The Competition Law Scholars Forum (CLaSF) Invite contributions to the XXIV CLaSF event (www.clasf.org) Clasf Workshop on “Object and/or effects in Competition Law” Lancaster…