In response to a provisional ruling by the Netherlands Trade and Industry Appeals Tribunal, the Netherlands Competition Authority (NMa) has decided to reduce Ballast Nedam’s fine to 1.5 million euros. Ballast Nedam, a Dutch construction and engineering company, was fined 14.5 million euros in 2003 for violations of the competition law from 1998 to 2001. The most recent reduction is the second time the original fine was scaled back: in 2006, the fine was reduced to 7.9 million euros. The Trade and Industry Appeals Tribunal will review the NMa’s reduction and then issue a final ruling.
Full content: MarketWatch
Related content: Antitrust Oversight: More an Art than a Craft (Pieter Kalbfleisch, Netherlands Competition Authority)
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI