A PYMNTS Company

Brazil: Dozens charged with subway bid-rigging

 |  March 26, 2014

Thirty executives from 12 foreign companies have reportedly been charged with bid-rigging by Brazilian prosecutors who accuse the executives of forming an illegal cartel to manipulate the subway industry.

The Sao Paulo State Prosecutor’s Office said Tuesday that the executives come from a range of firms including Germany’s Siemens, Spain’s CAD, Japan’s Mitsui, and others from Canada, France and South Korea. The charges claim the individuals formed a cartel to hike subway and train system construction and upkeep costs.

Reports say five contracts struck between 1998 and 2008 are currently under investigation. The executives charged include both foreigners and Brazilians, reports say.

Full Content: SBS

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.

Norton Rose Adds Antitrust Partners in Italy Norton Rose Adds Antitrust Partners in Italy

Norton Rose Adds Antitrust Partners in Italy

 |  January 20, 2025

Norton Rose Fulbright has announced the addition of two seasoned professionals, Veronica Pinotti and Martino Sforza, to its antitrust and competition practice in Milan. According to a statement released by the firm on Monday, both lawyers have joined as partners, bringing a wealth of expertise in various facets of competition law.

Martino Sforza’s practice focuses on a range of areas, including consumer protection, data privacy, and regulated markets, in addition to his extensive work in antitrust matters. His broad experience makes him a valuable addition to the firm’s Milan office.

Veronica Pinotti, also joining from White & Case, specializes in advising clients on complex legal matters involving joint ventures, mergers and acquisitions, cartels, and abuse of dominance. She is also highly experienced in navigating state aid issues and regulatory concerns.

Source: Bloomberg