Spain’s competition regulator CNMC closed 2016 with a total of nine resolutions against cartels, as well as three findings of restrictions to competition and two cases of breach of obligations. In total, 14 confirmed infractions for a total of €227 million euros in fines collected.
96% of the fines imposed were directed at cartel participants (218 million). The CNMC found 9 secret agreements among companies to limit competition including fixing prices, setting territories and dividing up customers, exchanging confidential information, and others.
2016 has also seen the start of the agency’s evaluation of its leniency program, after eight years of applying the policy. The CNMC will work jointly with the country’s top law firms and other agencies to evaluate its effectiveness and to propose changes to the program.
Full Content:CNMC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Pennsylvania Governor Opposes Nippon Steel’s Bid for U.S. Steel, Citing Union Concerns
Jul 30, 2024 by
CPI
Live Nation Attorneys Granted Limited Access to Confidential Documents in Antitrust Case
Jul 30, 2024 by
CPI
UK’s CMA Deepens Investigation into Amex GBT’s Acquisition of CWT
Jul 30, 2024 by
CPI
EU Regulators Advocate Formalizing Disinformation Code Under DSA
Jul 30, 2024 by
CPI
Spain’s Antitrust Watchdog Slaps Booking.com with €413.2 Million Fine for Market Abuses
Jul 30, 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