Latest news and views tagged price fixing
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The European Commission is investigating whether Apple’s arrangements with book publishers for the sale of e-books amount to anti-competitive agreements contrary to Article 101 of the Treaty on the Functioning...
OFT consults on new penalty regime of 30% of turnover for competition law breaches
The Office of Fair Trading, the UK’s competition law regulator, is consulting on proposals to revise its guidance as to the penalties for breaching the Competition Act 1998. Currently, organisations...
That won’t come out in the wash – EC fines Unilever and Proctor & Gamble €315m
Following a European Commission investigation suitably entitled ‘Purity’, Unilever and Proctor & Gamble, the consumer product companies, have been fined €315 million for fixing the price of washing...
OFT investigating agreements for online book pricing
The Office of Fair Trading is investigating whether e-book pricing agreements breach UK competition law. The Chapter I Prohibition of the Competition Act 1998 prohibits agreements which have as their object...
European Commission sends clear message with €650m fine to non-EEA LCD cartel
The European Commission has sent a very clear message to businesses around the world that they can be fined huge amounts for breaching EU competition law. The European competition law regulator fined six...
Air cargo carriers fined €800m for price fixing
The European Commission has fined 11 air cargo carriers a combined €800m for their part in a six year price fixing cartel. The carriers had co-ordinated fuel surcharges and security. The Commission gave...
Small win for sports clothing retailers in alleged cartel investigation but investigations continue
The Serious Fraud Office has announced that it is no long continuing its criminal investigation into suspected fraud by Sports Direct and JJB Sports relating to an alleged price fixing cartel. However,...
Envelope cartel investigation signed, sealed but far from delivered
The European Commission has conducted unannounced raids on envelope manufacturers in France, Spain, Denmark and Sweden. The Commission has been suspicious that the companies involved have operated a cartel...
Lorry makers in price fix enquiry
Some leading lorry manufacturers in Europe are at the centre of a cartel investigation. The Office of Fair Trading is leading an enquiry into whether they have fixed prices contrary to the Chapter I Prohibition...
Survival of the fittest as one participant in animal feed cartel gets total immunity from €175m fine
Five members of an animal feed cartel have received a hefty €175m fine from the European Commission for breaching Article 101 of the Treaty on the Functioning of the European Union (formerly Article...