The European Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG €1.07 billion for participating in foreign exchange spot trading cartels

On May 16th, 2019, the European Commission announced that it has entered into two settlements decisions with five banks (Barclays, The Royal Bank of Scotland, Citigroup, JPMorgan and MUFG), which have been fined €1.07 billion for taking part in two cartels in the Spot Foreign Exchange market for 11 currencies – namely Euro, British Pound,…

The European Commission fines AB InBev €200 million for restricting cross-border sales of beer

On May 13th, 2019, the European Commission fined (AB InBev) more than €200 million for abusing its dominant position on the Belgian beer market by hindering cheaper imports of its Jupiler beer from the Netherlands into Belgium. AB InBev is the world’s biggest beer brewer. Its most popular beer brand in Belgium is Jupiler, which…

The EU Commission fines Nike €12.5 million for restricting cross-border sales of merchandising products

On March 25, 2019, the European Commission has fined Nike €12.5 million for banning traders from selling licensed merchandise to other countries within the EEA. The restriction concerned merchandising products of some of Europe’s best-known football clubs and federations, for which Nike held the licence. In June 2017 the Commission opened an antitrust investigation into…

The EU Commission fines Google €1.49 billion for abusing its market dominance in online search advertising

The European Commission has just announced to have fined Google €1.49 billion for abusing its market dominance in the online search advertising intermediation market. In particular, the Commission has firstly alleged that Google is dominant in the market for online search advertising intermediation in the EEA because of its very high market shares, exceeding 85%…

Car safety equipment suppliers fined a total of € 368 million

The EU Commission has fined the car safety equipment suppliers Autoliv and TRW € 368 277 000 for taking part into two cartels for the supply of car safety equipments to European car producers. The suppliers acknowledged their involvement in the cartels and agreed to settle the case. According to the Commission, the three car equipment…

The EU Commission fines Guess almost €40 million for anticompetitive agreements to block cross-border sales

The European Commission has fined Guess for restricting retailers from online advertising and selling cross-border to consumers in other Member States in breach of article 101 of TFEU. Because of Guess cooperation with the Commission, a reduction of the fine by 50% has been applied and the fine imposed amounts to €39.821.000,00. The Commission opened…

The EU Commission fines the BEH Group € 77 million for blocking access to key natural gas infrastructure in Bulgaria

The European Commission has fined the Bulgarian Energy Holding (“BEH”), its gas supply subsidiary Bulgargaz and its gas infrastructure subsidiary Bulgartransgaz (“the BEH group”) €77.068.000,00 for blocking competitors’ access to key gas infrastructure in Bulgaria in breach of article 102 of TFEU. The Commission opened a formal investigation into the BEH Group’s behaviour on July…

Google fined €4.34 billion for illegal practices regarding Android mobile devices

On 18 July, 2018, the European Commission fined Google a record €4.3 billion fine for imposing restrictions on Android device makers and mobile network operators. It must now put an end to this conduct within 90 days or face penalty payments. The commission’s Directorate-General for Competition formally launched the investigation in 2015, after receiving several…

Cartel settlements: the European Commission fines maritime car carriers and car parts suppliers a total of €546 million

  On February 21, 2018, in three separate settlement decisions, the European Commission fined four maritime car carriers €395 million, two suppliers of spark plugs €76 million, and two suppliers of braking systems €75 million for having concluded anti-competitive agreements in breach of article 101 TFEU. I. Maritime car carriers The Commission found that the…

The European Commission fines Qualcomm €997 million for exclusivity rebates

The European Commission has fined Qualcomm €997m for abusing its market dominance in LTE baseband chipsets. According to the Commission, its exclusivity rebates with Apple illegally shut out rivals from the 4G baseband chipsets market. Baseband chipsets are used in smartphones and tablets to connect them to mobile networks for voice and data transmission. LTE…