On 20 September 2016, the European Commission fined Altstoff Recycling Austria (“ARA”) under Article 102 TFEU for abusing its dominant position in the Austrian waste management...28 September 2016
Flakeboard and SierraPine Pay Civil Penalties and Disgorgement of Profits to Settle DOJ’s Charges of Unlawful Gun Jumping
The antitrust agencies remain vigilant in prohibiting "gun jumping" — the unlawful coordination of parties to a transaction during the pre-HSR clearance and pre-closing time periods. On 7 November 2014, the U.S. Department of Justice (DOJ) announced a settlement under which parties to an abandoned transaction agreed to pay a total of nearly US$5 million in fines — US$3.8 million in civil penalties to settle claims of unlawful gun-jumping under the HSR Act and an additional US$1.15 million from the purchaser in disgorgement of illegally obtained profits in violation of Section One of the Sherman Act. The parties also agreed to implement antitrust compliance programs and not to share certain information or reach certain agreements during pre-closing periods with other parties to acquisition agreements in which they may become involved.
Liability for anti-competitive behaviour by your employees and outside contractors: when you are off the hook and when you are not
In its recent VM Remonts judgment, the...02 August 2016