Anticompetitive agreements

Anticompetitive agreements, European Commission, European Court of Justice, European Union, Information exchange, Judicial review, Restriction by object, Rule of Law

, (Cuatrecasas)/ /Leave a comment

On January 12th 2023, the European Court of Justice (ECJ) issued its long-awaited judgment in C‑883/19 P HSBC v Commission setting aside the judgment of the General Court (GC) but confirming the European Commission’s finding that HSBC had participated in a cartel in the market for Euro Interest Rate Derivatives (EIRD). The judgment clarifies the procedural safeguards that…

Abuse of dominance, Anticompetitive agreements, China, Mergers

(Hogan Lovells, China)/ /Leave a comment

Introduction On 24 March 2023, China’s antitrust authority – the State Administration for Market Regulation (“SAMR”) – issued four regulations implementing the recently amended Anti-Monopoly Law (“AML”): Regulation Prohibiting Monopoly Agreements (“Agreements Regulation”); Regulation Prohibiting Conduct Abusing a Dominant Market Position (“Abuse of Dominance Regulation”); Regulation on the Review of Concentrations between Business Operators (“Merger…

Anticompetitive agreements, Burden of Proof, Cartels, Damages, Germany, Liability, Litigation

(CDC Cartel Damage Claims Consulting)/ /Leave a comment

On 5 January 2023, the German Federal Court of Justice (Bundesgerichtshof, BGH) published an important judgment in relation to follow-on damage actions relating to the so-called German drugstore products cartel (Case KZR 42/20). In its ruling, Germany’s highest civil court also confirmed a factual presumption of harm in the case of anticompetitive information exchanges. This…

Anticompetitive agreements, Enforcement, European Union, Sustainability

(Norton Rose Fulbright, Belgium) and , (Norton Rose Fulbright)/ /Leave a comment

On 10 January 2023, the European Commission (Commission) published Draft guidelines on the application of a new EU antitrust exemption for sustainability agreements involving producers of agricultural products (the Draft Guidelines).  Article 210a of Regulation (EU) 1308/2013 (CMO Regulation), which entered into effect in early 2022, exempts restrictions of competition in agreements that are indispensable…

Anticompetitive agreements, Information exchange, Turkey, United Kingdom

, , (ACTECON)/ /Leave a comment

Introduction The Competition and Markets Authority (“CMA”) of the UK has fined Germany-based Bayerische Motoren Werke Aktiengesellschaft (“BMW AG”), the ultimate parent company of the BMW Group, for failure to comply fully with a written information request without reasonable excuse through its decision of 6 December 2022 (“CMA Decision”). The fine includes a fixed amount…

Anticompetitive agreements, Information exchange, National competition authorities (NCAs), Norway

, , (Advokatfirmaet Haavind AS)/ /Leave a comment

Exchanging information with competitors can be a minefield. On 29 November 2022, the Norwegian Competition Authority (NCA) fined Norway’s four largest book publishers and a database provider a total of NOK 545 million (approximately EUR 52 million) in a unique hub-and-spoke information exchange case. This is only one of several information exchange cases being pursued…

Anticompetitive agreements, Information exchange, Trade associations, Turkey

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Introduction The Turkish Competition Authority (“TCA”) has rendered several decisions in recent years concerning the exchange of competitively sensitive information. A significant number of these decisions have involved negative clearance/exemption applications made to the TCA by undertakings seeking to lawfully exchange information among themselves. In this regard, the Turkish Construction Equipment Distributors and Manufacturers Association[1]…

Anticompetitive agreements, European Commission, Guidelines

(Noerr LLP)/ /Leave a comment

Background In 2004, the European Union modernised the rules and procedures that govern the enforcement of its competition law. The entry into force of Council Regulation (EC) No 1/2003 on 1 May 2004 brought about the most comprehensive reform of the enforcement rules since they were first laid down in 1962. The EU moved from…

Anticompetitive agreements, Competition enforcement, European Commission, European Union

(European University Institute)/ /Leave a comment

Last week, the European Commission adopted an updated version of its Informal Guidance Notice (“the IGN”), the mechanism that allows businesses to seek clarity regarding the compliance of specific activities with EU competition law. The substance of the IGN is animated by “guidance letters”, informal documents intended to provide legal certainty to undertakings facing novel…

Anticompetitive agreements, Competition enforcement, Competition policy, European Commission, Ex ante regulatory assessment, Guidelines, Labour market

(Utrecht Law School)/ /1 Comment

On September 29th 2022, the Commission published Guidelines on the application of Union competition law to collective agreements regarding the working conditions of solo self-employed persons (hereinafter: the Guidelines). The first draft of this document was released almost a year ago as part of a package including a proposed Directive on platform work. The Guidelines,…