Cartels

LIBOR update

June 21, 2013 | 0 Comments

In today’s issue of our quarterly newsletter Regulator, Greg Golding and Andris Gauja have written an update on the snowballing LIBOR scandal, looking at the penalties imposed, the possibility of class actions and ongoing financial...

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NZ gets ‘hard-core’ on cartels

May 27, 2013 | 1 Comments

Significant reforms to New Zealand competition law are one step closer following a recommendation by the Commerce Select Committee that the Commerce (Cartels and Other Matters) Amendment Bill (the Bill) be passed with various amendments....

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Penguin settles ebook investigation in Europe

April 24, 2013 | 1 Comments

The last standing publisher, Penguin, has reached a settlement agreement with the European Commission (EC) which ends the EC’s 16 month long investigation into the alleged price fixing of e-books in Europe. As explained in...

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Viscas pays for cable cabal

April 15, 2013 | 0 Comments

A clean record and cooperation with the ACCC might be helpful, but as Japanese electricity cable supplier Viscas discovered, penalties will still be imposed if you’ve been involved in cartel conduct. On 5 April the...

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CCS slams the brakes on illegal bid-rigging

April 8, 2013 | 0 Comments

Singapore’s Competition Commission (CCS) has wielded its punitive power by imposing fines on 12 different motor vehicle traders for their roles in bid-rigging of public auctions for decommissioned government vehicles between 2008 and 2011.  After...

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Turkish banks fined for price collusion

March 26, 2013 | 0 Comments

Earlier this month, the board of the Turkish Competition Authority fined a dozen of the country’s banks 1.1 billion Turkish lira (approximately AUD 580 million) for colluding over maximum deposit rates, credit card interest rate...

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Tough love in Taiwan

March 25, 2013 | 0 Comments

Over the years, several Taiwanese companies have been fined substantial amounts by foreign antitrust authorities for their involvement in international cartels.  For example, a US court imposed a $500 million fine on Taiwanese LCD manufacturer...

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Online real estate listing company All Homes Pty Ltd has provided the ACCC with a court enforceable undertaking following concerns that All Homes had attempted to induce an understanding between real estate agents as to...

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As we reported in our previous post, a number of antitrust regulators around the world have been investigating arrangements between publishers and Apple which were alleged to restrict retail competition and raise the retail prices...

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MyCC hardens its enforcement stance

January 25, 2013 | 0 Comments

It has been one year since the enforcement of the Malaysian Competition Act and the Malaysian Competition Commission (MyCC) is strongly flexing its muscles and hardening its approach to enforcement. In a speech marking the...

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