Page 47 - Consumer Authority News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Power firm garners 1,000 consumer authority complaints over missing reimbursements  The authority says it has received more complaints about Fi-Nergy Voima than any other independent electricity company. Kati Atrell has struggled to claw back reimbursements owed to her by Fi-Nergy for months. Image: Kimmo Gustafsson / Yle Finland's consumer authority receives more consumer complaints about electricity firm Fi-Nergy Voima than any other energy company, according to Jukka Kaakkola, leading expert at the Finnish Competition and Consumer Authority (KKV). Last year, the authority received nea...

Building management firms accused of price fixing, may face €22m in fines Half a dozen property management firms and the industry association are alleged to have conspired to push up prices. The companies are responsible for a wide range of building services including snow clearing (file photo). Image: Jorge Gonzalez / Yle The Finnish Competition and Consumer Authority (KKV) says that the Finnish Real Estate Management Federation and six property management firms formed a price cartel to artificially boost profits in the sector. The watchdog is calling for fines totalling 22 million eur...

To print this article, all you need is to be registered or login on Mondaq.com. 30 December 2020, the City Court of Roskilde issued a DKK 400,000 fine to a Danish company as well a DKK 100,000 fine to a managing employee of the company for having entered into a restrictive trade agreement with a competitor. The decision demonstrates that making restrictive trade agreements constitutes a high reputational and financial risk for both companies and the individual members of the management. Two Danish companies (in the following "COMPETITOR 1" and "COMPETITOR 2" and jointl...

To print this article, all you need is to be registered or login on Mondaq.com. The Court of Roskilde has fined Sydkystens Automatik and a senior employee DKK 400,000 and DKK 100,000, respectively, for having entered into an agreement with a competitor preventing each party from performing work for the other party's customers. Background: Market-sharing agreement In November 2016, Sydkystens Automatik signed a cooperation agreement with Findan El-anlæg, which – like Sydkystens Automatik – provided services to customers in the Zealand region as a sub-supplier in co...

CHANGE ON THE HORIZON: Payless store finds a buyer Payless Supermarkets, which is currently going through the liquidation process, will soon get a new owner should the Competition and Consumer Authority (CCA) give the proposal the green light. Ellis Retail Group (ERG) (Pty) Ltd has notified the Authority of its intention to acquire the business and certain assets of Payless Supermarkets. ERG is a limited liability company and a Special Purpose Vehicle (SPV) being used to affect the proposed transaction. The Botswana-based organisation is described as a private investor with a focus on ...