August 2019 CPI EU News Column edited by Thibault Schrepel, Sam Sadden & Jan Roth (CPI) presents: C‑39/18P, Commission v. Icap Management Services: The Rights of Defense in a Dissuasive Fining System By Godefroy de Moncuit (Business Law and New Technologies Center)1 Click here for a PDF version of the article Summary On July 10, […]
Lithuanian competition regulator Konkurencijos taryba found that in the public tender of Vilnius city cemetery maintenance services, the firms belonging to the group of companies City Service concluded a cartel agreement with their competitor Naujininkų ūkis. Konkurencijos taryba fined these companies a total of €412,100 (US$462,694). Konkurencijos taryba received initial claim from Vilnius City Municipality […]
March 2019 CPI EU News Column edited by Thibault Schrepel, Sam Sadden & Jan Roth (CPI) presents: The EU Competition Law Notion “Undertaking” That Is Used To Determine Liability For Fines Is Also To Be Used When Determining The Entity That Is Liable For Damages By Caroline Cauffman (Maastricht University)1 Click here for a PDF version […]
Posted by Social Science Research Network Strategic Comity By Angela Huyue Zhang For decades, the extent to which US courts should enforce antitrust laws against state-led export cartels has been a subject of intense debate among academics, courts, and policymakers. As defendants in such cases often invoke comity-related defenses, the outcomes of these cases have turned […]
Swiss newspaper NZZ am Sonntag reported that the Swiss Competition Commission (COMCO) found evidence of a construction price fixing cartel that has allegedly overcharged municipal projects. The belief is that the cartel includes hundreds of companies of all sizes and has even implicated politicians in canton Graubünden in southeastern Switzerland. Specific projects being investigated include […]
Posted by Social Science Research Network Cartel Stability by a Margin By Timo Klein & Maarten Pieter Schinkel (University of Amsterdam) Firms may engage in collusion only if they are better off by a sufficiently wide margin. Such a cartel safety margin can cover costs of colluding and insure participants against risky aspects of it, […]
Not even a week after the German automakers’ cartel was revealed, Toronto law firm Strosberg Sasso Sutts LLP has started a class action lawsuit against the car makers. The lawsuit specifically targets BMW, Volkswagen, Audi, Porsche and Mercedes-Benz and is seeking CAD$1 billion (US$795.06 million) in damages plus an addition CAD$100 million (US$79.6 million) in […]
The Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato – AGCM) has said that it has opened an investigation into suspected cartel activity involving television rights to Serie A and Serie B football. The companies involved are suspected of trying to tamper with how TV rights for games are assigned to be broadcast […]
On Tuesday, Sueddeutsche Zeitung reported that BMW has suspended talks on future cooperation projects with Daimler. According to industry sources, BMW has lost trust in Daimler after the company alerted authorities to a possible cartel among car makers. The projects put on hold include efforts to develop charging stations for electric cars. There had also […]
In November 2010, the European Commission fined 11 air cargo carriers fines that nearly reached €800 million (US$938.2 million). Since that time, the EC had its fine annulled in 2015 by a judge who ruled that there had been a procedural error. The EC re-adopted its previous ruling in March 2017 and imposed fines of […]