On Wednesday, the antitrust watchdog of the European Union conducted raids on companies involved in the synthetic turf industry across multiple EU countries, due to suspicions of potential participation in a cartel.
According to Reuters, the European Commission, responsible for enforcing competition laws in the 27-country bloc, did not disclose the names of the companies or countries involved.
“The Commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices,” the EU antitrust agency said in a statement.
Synthetic turf is a type of artificial grass that imitates the look and properties of natural grass. The ongoing inquiry by the EU focuses on its use in sports.
According to EU antitrust rules, companies that violate them could be subject to fines up to 10% of their worldwide revenue.
Featured News
Judge Appoints Law Firms to Lead Consumer Antitrust Litigation Against Apple
Dec 22, 2024 by
CPI
Epic Health Systems Seeks Dismissal of Antitrust Suit Filed by Particle Health
Dec 22, 2024 by
CPI
Qualcomm Secures Partial Victory in Licensing Dispute with Arm, Jury Splits on Key Issues
Dec 22, 2024 by
CPI
Google Proposes Revised Revenue-Sharing Limits Amid Antitrust Battle
Dec 22, 2024 by
CPI
Japan’s Antitrust Authority Expected to Sanction Google Over Monopoly Practices
Dec 22, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand