Neodyum Miknatis
amateur porn
implant
olabahis
Casino Siteleri
Kayseri escort
canli poker siteleri kolaybet meritslot
escort antalya
istanbul escort
sirinevler escort
antalya eskort bayan
brazzers
Short Reads

European Commission imposes record cartel fine on truck manufacturers for price fixing

European Commission imposes record cartel fine on truck manufacturers

European Commission imposes record cartel fine on truck manufacturers for price fixing

02.08.2016 NL law

On 19 July 2016, the European Commission imposed a EUR 2.93 billon fine on five major European truck manufacturers for colluding on pricing and passing on the costs of compliance with environmental standards to consumers. This is the highest fine ever imposed by the Commission with respect to a single cartel.

In January 2011, the Commission carried out unannounced inspections after truck manufacturer MAN applied for leniency, thus avoiding a EUR 1.2 billion fine. The other four companies, Volvo/Renault, Daimler, Iveco and DAF agreed to settle the case with the Commission. Under the Commission's settlement procedure, companies benefit from a 10% fine reduction if they acknowledge their participation in the infringement and accept liability for their conduct. The investigation will continue for Scania, since the company has decided not to settle the matter.

The companies engaged in infringing behavior consisting of three elements: (i) price coordination at the factory level of trucks; (ii) agreements to pass on costs for emission reduction technologies to customers; and (iii) collusion on the timing for the introduction of emission reduction technologies.

In addition to the fines imposed by the Commission, the companies face civil damages claims. Plaintiff law firms and litigation funding companies have already announced their intention of filing proceedings on behalf of business who bought trucks from these manufacturers during the cartel period.

This article was published in the Competition Law Newsletter of August 2016. Other articles in this newsletter:

  1. Court of Justice clarifies the legality of royalty payments in the event of revocation or non-infringement of the licensed patent 
  2. General Court confirms fines imposed on the basis of economic continuity in maritime hose cartel 
  3. European Commission imposes record cartel fine on truck manufacturers for price fixing 
  4. European Commission deems support measures in favour of Dutch football clubs in line with State aid rules 
  5. Dutch District Court ruled that parent companies cannot be held liable for damages arising from antitrust infringements committed by their subsidiaries 
  6. ACM lowered fines in the pepper cartel case 
  7. Dutch Supreme Court confirms the availability of a passing-on defence in antitrust damages litigation 
  8. Brussels Court of Appeal rules that concerted lobbying efforts of cement producers do not breach competition law 
  9. Belgian competition authority upholds licence refusal to football club White Star

Source: Competition Law Newsletter August 2016

Team

Related news

11.11.2020 EU law
Innovatie en staatssteun. Het CBb leidt de weg bij de belangrijke definities industrieel onderzoek en experimentele ontwikkeling

Short Reads - Het College van Beroep voor het bedrijfsleven (“CBb”) heeft op 6 oktober 2020 in een subsidiegeschil nadere invulling gegeven aan het onderscheid tussen “industrieel onderzoek” en “experimentele ontwikkeling”. Dit onderscheid staat centraal in nationale subsidieregelingen en Europese staatssteunregels die overheidsinvesteringen in onderzoek, ontwikkeling en innovatie (“O&O&I”) mogelijk moeten maken.

Read more

05.11.2020 NL law
General Court confirms: no proof, no dawn raid

Short Reads - The Commission should think twice before conducting a dawn raid. The General Court partially annulled three Commission decisions ordering dawn raids at the premises of French supermarkets for a lack of sufficiently strong evidence with regard to one of the suspected anticompetitive practices. In addition, the General Court clarified that interviews held with suppliers prior to the issuing of a dawn raid decision can be used as evidence, even when these interviews have not been recorded.

Read more

05.11.2020 NL law
Belgian prohibition on abuse of economic dependence comes into force and new fining guidelines

Short Reads - In 2019, Belgium introduced legislation banning abuse in relationships between companies where there is no dominant position, but rather a position of economic dependence. The act entered into force on 22 August 2020. This category of restrictive practice applies alongside the existing prohibitions on cartels and abuse of a dominant position. It opens up new opportunities but also new threats for companies that are not in a dominant position.

Read more

05.11.2020 NL law
This article has FIVE stars! New Dutch consumer rules to curb fake reviews

Short Reads - Consumers often rely on online reviews to decide what bike to buy, where to eat or what article to read. But what if those reviews are fake? New Dutch rules were announced on 23 October 2020 seeking to ensure a higher level of consumer protection online. These rules mean more obligations for online traders, and potentially high fines if they get it wrong. For example, traders should implement procedures to ensure that published reviews originate from consumers who have genuinely used the product.

Read more

05.11.2020 NL law
Jurisdictional hide & seek: merger thresholds and buyer joint ventures

Short Reads - Companies beware: the turnover of a joint venture buying a target is not necessarily decisive for determining whether the EU merger thresholds are met. The General Court fully upheld the Commission’s 2017 decision prohibiting the joint acquisition of Cemex’s Hungarian and Croatian subsidiaries by cement companies HeidelbergCement and Schwen Zement through their full-function joint venture (JV).

Read more