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Lexology PRO | Asia-Pacific, China | 27 Jun 2022

China ushers in new era of antitrust enforcement with passing of Anti-Monopoly Law amendments

Chinese lawmakers have amended the country’s antitrust law, including sharply increasing maximum fines for various infringements, introducing personal liability for anticompetitive conduct and clarifying the framework for assessing resale price maintenance.
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Lexology PRO | United Kingdom | 24 Jun 2022

CMA secures settlement agreements in construction bid-rigging cartel

The UK’s Competition and Markets Authority has accused 10 construction companies of rigging bids for asbestos removal contracts worth over £150 million, having already agreed settlements with eight of the conspirators.
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Lexology PRO | European Union, United Kingdom | 23 Jun 2022

UK trucks claimants argue DAF’s claims not backed by econometrics

Claimants seeking damages in the UK as a result of the EU Trucks cartel have told the country’s specialist competition tribunal that estimations of a market-wide overcharge is strong evidence that truckmaker DAF charged them inflated prices.
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Lexology PRO | Asia-Pacific, Hong Kong | 17 Jun 2022

Hong Kong enforcer moves to punish suspected air conditioning cartel

Hong Kong’s competition watchdog has accused two engineering companies and three individuals of colluding to fix prices and rig bids for air conditioning work, potentially impacting sales with an overall value of €243 million.
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Lexology PRO | Asia-Pacific, Taiwan | 17 Jun 2022

Taiwan’s Supreme Court reinstates cartel fines against power companies

Taiwan’s top court has reinstated a 2013 decision to fine nine power companies more than €190 million for fixing electricity prices, holding that a lower court erred in cancelling those penalties.
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Lexology PRO | United Kingdom | 10 Jun 2022

UK appeals court upholds dismissal of chip cartel follow-on claim

A UK appeals court has rejected Gemalto’s request to overturn a lower court’s decision that dismissed its €480 million follow-on damages claim against smart card chip makers as time-barred, ruling the company did not need to know every aspect of the cartel to file the claim.
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Lexology PRO | Brazil, Central & South America | 9 Jun 2022

Brazil agrees more settlements in sprawling Operation Car Wash probe

Brazil’s competition tribunal has closed a dozen cartel probes into four construction companies that rigged public tenders for various infrastructure projects, after approving nearly 20 separate settlements worth €87 million.
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Lexology PRO | Asia-Pacific | 9 Jun 2022

Korea hits more freight shippers with price-fixing sanctions

Korea’s antitrust watchdog has fined 15 freight shippers a total of €60 million for operating a 17-year cartel that fixed prices on routes to Japan, but declined to impose any fines on different liner operators for similar conduct affecting routes to China.
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Lexology PRO | Austria, European Union | 7 Jun 2022

Draft Austrian sustainability guidelines diverge from EU proposals

Austria's competition enforcer is consulting on sustainability guidelines that will exempt certain agreements from antitrust rules if they provide appropriate ecological benefits, in a different approach than the one proposed by the EU.
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Lexology PRO | Asia-Pacific, Hong Kong | 6 Jun 2022

Hong Kong appellate court sets aside fine discounts for decorator cartelists

Hong Kong’s Court of Appeal has ruled in favour of the territory’s competition watchdog to annul cartel fine reductions against several construction companies, holding that the businesses are jointly and severally liable for the conduct of their subcontractors.
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