Premio para identificar el obstáculo regulatorio más absurdo

El obstáculo regulatorio más absurdo: En una innovadora estrategia para identificar regulaciones que afecten la libre competencia, la Secretaría de Economía, la Comisión Federal de Competencia Económica (COFECE), el Instituto Nacional del Emprendedor y la Comisión Federal de Mejora Regulatoria (COFEMER) convocan al Premio para identificar el obstáculo regulatorio más absurdo para competir y emprender….

Bloomberg: Total de multas en 2016

Bloomberg law recogió el total de multas impuestas por persecución de carteles en varias jurisdicciones, para el 2016: EE.UU.: $387 millones USD Unión Europea: $4.1 miles de millones USD India: $941 millones USD Corea del Sur: $765 millones USD. En Colombia, según información publicada por la Superintendencia de Industria y Comercio, en 2016 se impusieron multas…

NZ: Real estate companies fined

“Four major real estate agencies have been ordered to pay almost $10 million in total, for price fixing and anti-competitive behaviour. The Commerce Commission took action against the firms after they reached a deal on how to respond to changes to TradeMe’s property listing fees. The companies agreed to pass the cost of listing on the…

‘The Guidance on Competition Compliance’

CCP launches ‘The Guidance on Competition Compliance’ “On the occasion of ‘World Competition Day’, on monday the CCP launched ‘The Guidance on Competition Compliance,’ […] Part-A of The Guidance explains key concepts of competition and substantive provisions of the Competition Act with illustrations and easy examples. This will help stakeholders to fully understand the prohibitions under…

The effectiveness of antitrust law in globalized economy

The effectiveness of antitrust law in globalized economy “One study has demonstrated that prices were more likely to go up than down after an antitrust indictment. […] Reading through old cases does not induce great faith in the contemporary usefulness of 19th- and 20th-century antitrust laws. In most areas of manufacturing there is far more foreign…

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…

Singapore: Online food delivery service

“The Competition Commission of Singapore (CCS) said on Thursday it has investigated and found no harm for now in competition from exclusive agreements inked between restaurants and an unnamed online food delivery service. But it is closely monitoring the food delivery market, noting that such exclusive agreements can be “problematic” in future. The investigation revealed that…

Russia: Bid rigging at Defense Ministry’s auctions

Russia: Bid rigging at Defense Ministry’s auctions “The Federal Antimonopoly Service (FAS) opened a case on violating the law “On Protection of Competition” by several companies at the Defense Ministry’s auctions […] According to the antimonopoly agency, Russia’s Defense Ministry held several open auctions for provision of services involving sanitary and integrated maintenance of barracks…

Chile: Nueva ley de competencia

Chile: Nueva ley de competencia El 19 de agosto de 2016 se promulgó en Chile la Ley que Perfecciona el Sistema de Defensa de la Libre Competencia. Según el comunicado de prensa liberado por la Presidencia de dicho país, “dentro de las nuevas medidas que contempla, destaca que las sanciones se hacen más estrictas y pueden…

Travel agents: Paying commissions to intermediaries can be abusive

Travel agents: Paying commissions to intermediaries can be abusive “A South Gauteng High Court has awarded Nationwide Airlines (CE, Johannesburg O.R. Tambo) ZAR104.6 million (USD7.89 million) in damages plus interest after ruling that South African Airways (SA, Johannesburg O.R. Tambo) practices did breach South Africa’s Competition Act and did inflict financial harm on Nationwide. It claimed…

Amazon raided: Parity clauses concern

Amazon Japan was raided on the search for evidence of undue pressure to retailers that sell products on that website. “The Japanese unit of the U.S.-based internet retailer forced conditions such as requiring retailers to sell products below the price they advertised on rival sites, the Nikkei business daily reported Monday. […]  The case centered…

UK: Hacking powers to fight collusion

“Criminal cartels are akin to complex fraud, and can operate over many years at the expense of consumers and taxpayers as a result of higher prices and reduced choice. As such the regulated use of investigatory powers, including equipment interference, plays a critical role in the CMA’s investigations,” said Simon Belgard, a spokesperson for the Competition and…

Spotify vs. Apple

“Spotify has lashed out at Apple calling it ‘anticompetitive’ for rejecting an update to its iOS app. The music streaming service feels that this move by Apple will ‘cause grave harm to Spotify and its customers’. The company’s General Counsel Horacio Gutierrez has sent a letter to Apple accusing it of stopping the update under…

Philippines: Electricity Spot Market Collusion

“The Energy Regulatory Commission has set an August hearing of 12 companies charged with anti-competitive behavior that pushed up prices at the wholesale electricity spot market in November and December 2013. ERC investing officer Isabelo Joseph Tomas II, in separate notices of pre-trial conferences, asked the 12 companies to submit their respective trial briefs, which…

FTC e INDECOPI firman acuerdo de cooperación

La FTC (EE.UU.) y el INDECOPI (Perú) firmaron un acuerdo de cooperación para mejorar la eficacia en la persecución de conductas anticompetitivas en ambos países. “Destacan los siguientes ejes de cooperación: Cooperación en la detección de actividades anticompetitivas y en la aplicación de la normativa de libre competencia. Posibilidad de realizar consultas respecto de las…

Se firman 2 MoU entre Autoridades de Competencia

El 19 de mayo de 2016 se firmó un Memorando de Entendimiento entre las Autoridades de Competencia de Brasil, Rusia, India, China y Sudáfrica (BRICS) con el propósito de intercambiar información, propuestas normativas, coordinar investigaciones, organizar eventos, entre otros. La iniciativa procura ser un punto de partida para harmonizar la visión que cada autoridad tiene…

Competition Authority guides officials before the tenders

Canada: “Commissioner of Competition John Pecman said his office is planning to double the number of training workshops it provides to public-procurement officials this year on ways to prevent fraud. There will be training events for federal, provincial and municipal managers, as well as for the private sector, on how to identify and prevent collusion…

M&A: Reducing transaction costs in India

India: As part of the government’s goal of reducing the costs of doing business,  the Competition Commission recently revised the thresholds for merger notifications. “‘The revised thresholds serve the dual purpose of restricting the CCI’s review to M&A activity that has the potential to affect the market and reducing transaction costs for smaller deals […] The increased thresholds for notification are…

“Too open too soon”: Intercambio de información antes de integrarse

La autoridad de competencia holandesa (Netherlands Authority for Consumers and Markets) sancionó a 4 compañías que participan en el mercado de conservación en cámaras frigoríficas (cold storage), por intercambiar información sensible mientras planeaban integrarse. Las empresas conocieron información sensible sobre precios y clientes y, según esa Autoridad, distorsionaron el funcionamiento del mercado en la medida que antes de…

Fine for pressuring to withdraw a financial rebate

“The Competition Commission of Singapore (CCS) on Thursday (Mar 17) penalised 10 financial advisers for collectively pressurising a competitor to withdraw an offer from the life insurance market. On Apr 30, 2013, iFAST Financial had offered a 50 per cent commission rebate on life insurance products on its online platform, Fundsupermart.com. But the offer was…