Page 2 - Leniency Programme News Today

A look at some of the key questions surrounding immunity and leniency programmes for cartel participants in South Korea, including procedural requirements and the advantages of cooperation.

A look at some of the key questions surrounding immunity and leniency programmes for cartel participants in Bulgaria, including procedural requirements and the advantages of cooperation.

Fight back against the cartel culture One of 14 individual linked with ‘Nicky Gang’ – Bernama The news in early April this year regarding the existence of a cartel/syndicate that had been monopolising government procurement contracts is yet again a grim reminder of how deeply rooted the culture of corruption is in our society. The modus operandi of the cartel was to deploy some 150 companies under its control as cover for submitting tender bids to ministries and agencies. In other wor...

To print this article, all you need is to be registered or login on Mondaq.com. The European Commission has stressed the importance and the need for effective enforcement of EU competition rules by the National Competition Authorities (‘NCAs) and considers that, while NCAs have notably increased their enforcement activities in recent years, much more needs to be done to improve cartel detection rates particularly at a national level. Although all NCAs have the competen...

December 22, 2020 The substantive provisions of Hong Kong’s Competition Ordinance (“Ordinance”) came into force in December 2015. This note looks at the main achievements in the first five years and some of the challenges laying ahead. The main achievements of the Hong Kong Competition Commission (“Commission”) are first and foremost building up—from scratch—a competent and trustworthy institution. The Commission has hired seasoned enforcers from overseas with impeccable reputatio...

Construction suppliers fined £15m for breaking competition law The CMA has fined 2 major suppliers to the construction industry more than £15m for illegally colluding to reduce competition and keep prices up. From: 17 December 2020 Following an investigation by the Competition and Markets Authority (CMA), 2 UK-based companies who supply groundworks products to some of the nation’s largest construction firms, Vp plc and M.G.F. (Trench Construction Systems) Ltd, have been fined more than ...

-  Fining pre-cast concrete pipe firms £36 million with 2 directors disqualified and disqualification proceedings against 2 other directors ongoing, and   4.  The CMAs findings concern breaches of the Chapter I prohibition of the Competition Act 1998 (CA98) and Article 101 of the Treaty on the Functioning of the European Union (TFEU). As explained in the CMAs guidance,  UK Exit from the EU: Guidance on the functions of the CMA under the Withdrawal Agreement, Art...