Competition Law 8.3.2018

Commission imposes record fine for “gun jumping”

Altice, a multinational cable and telecommunications company, has been fined EUR 125 million for having implemented its acquisition of Portuguese telecoms operator PT Portugal before the transaction had been cleared by the Commission and, in some instances, even before notifying the Commission of the contemplated merger.

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Commission imposes heavy fine on Google

The fine of DKK 32 billion was imposed following Google’s abuse of its dominant position on the market for general internet search. The fine is the largest ever imposed by the Commission.

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Major electronics manufacturers fined for fixing online resale prices

The Commission has imposed fines totalling EUR 111 million on ASUS, Philips, Denon & Marantz and Pioneer for sanctioning retailers selling their products at prices below their recommended resale prices. It is the first time in 15 years that the Commission imposes fines for retail price maintenance, but the Commission has recently focused increasingly on online sales and electronic price monitoring.

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Frankfurt Supreme Court rules in the Coty case

On 12 July 2018, the Frankfurt Supreme Court delivered judgment in the dispute between Coty and Akzente. The case concerned a prohibition of sale of luxury goods on third-party online platforms. The decision is in line with the preliminary ruling of the European Court of Justice.

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Identify your risks using our legal risk radar

Do you know how to avoid allegations of cartel behaviour? Managing risk has become the cornerstone of informed decision-making. However, before you can take steps to manage risks, you need to first identify and assess the risks, including how those risks may interact with other potential risks. Try our Legal Risk Radar, which gives you an indication of some of the potential risks to which your company is exposed. 
 
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Kromann Reumert provides this newsletter as a service and for informational purposes only. It does not constitute legal advice and does not create any form of attorney-client relationship with our firm. While every effort is made to ensure that the information in this newsletter is accurate, it may contain errors or omissions for which we disclaim any and all liability.