Mexico: FECC revokes leniency benefits

Mexico: FECC revokes leniency benefits

“The Federal Economic Competition Commission (FECC) imposed fines totalling $3,882,379 on Denso and Mitsubishi for commissioning an absolute monopolistic practice involving the exchange of commercial information, with the aim and effect of manipulating the price of automobile air conditioning compressors.

[…] This is the first time that the FECC has revoked immunity granted to an undertaking since the leniency programme was implemented in 2006. Therefore, it is also the first time that the FECC has determined the level of cooperation it expects from undertakings that want to benefit from the programme.

[…]  In its ruling, the FECC revoked immunity granted to one of the undertakings involved on the grounds that it had failed to fulfil its obligation to cooperate fully with the FECC in all phases of the investigation.”

Texts from: http://www.internationallawoffice.com/Newsletters/Competition-Antitrust/Mexico/SAI-Consultores-SC/FECC-revokes-immunity-granted-under-leniency-programme

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