The First Specialized Collegiate Court in Telecommunications and Economic Competition has ordered the Federal Commission for Economic Competition (COFECE) to recalculate the fine of MX$63 million (US$ 3.2 million) the regulator slapped on Mexico City International Airport (AICM) in September 2016 over its inclusion of discriminatory clauses in the service agreements signed with taxi companies.
The magistrates confirmed that the anticompetitive practice detected by COFECE did exist, and must not go unpunished. Therefore, the court granted an appeal to the AICM to re-determine the amount of the fine imposed, but ratified the infraction incurred.
The AICM’s actions purposefully prevented the entry of new competitors, as well as giving advantages to certain companies. For example, the terminal granted unjustified discounts of between 20 and 35% to privileged companies.
In September of 2017, the Commission also sanctioned five companies that provide taxi services in the AICM for MX$23.6 million (US$1.2 million), for making use of a tariff study with the aim of coordinating the rates charged, which resulted increased prices for consumers.
Full Content: El Financiero
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI