he European Commission has sent a Statement of Objections to Gazprom alleging that some of its business practices in Central and Eastern European gas markets constitute an abuse of its dominant market position in breach of EU antitrust rules. Factsheet On the basis of its investigation, the Commission's preliminary view is that
Tag: antitrust
Antitrust: Investigation against Google
The European Commission has sent a Statement of Objections to Google alleging the company has abused its dominant position in the markets for general internet search services in the European Economic Area (EEA) by systematically favouring its own comparison shopping product in its general search results pages. The Commission's preliminary
Antitrust: Euro interest rate derivatives cartel?
The European Commission has informed Crédit Agricole, HSBC and JPMorgan of its preliminary view that they may have breached EU antitrust rules by colluding to influence the pricing of interest rate derivatives denominated in the euro currency. The sending of a statement of objections does not prejudge the final outcome
Commission fines banks € 1.71 billion for participating in cartels
The European Commission has fined 8 international financial institutions a total of € 1,712,468,000 for participating in illegal cartels in markets for financial derivatives covering the European Economic Area (EEA). Four of these institutions participated in a cartel relating to interest rate derivatives denominated in the euro currency. Six of
Commission accepts legally binding commitments in e-books market
The European Commission has adopted a decision that renders legally binding the commitments offered by Penguin (United Kingdom), in the context of the Commission's investigation regarding the sale of e-books in the European Economic Area (EEA). The Commission had concerns that Penguin, together with four other publishers - Simon &
Commission confirms unannounced inspections in Internet connectivity services
The European Commission can confirm that on 9 July 2013 Commission officials initiated unannounced inspections at the premises of a number of telecommunications companies active in the provision of Internet connectivity in several Member States. The Commission has concerns that the companies concerned may have violated EU antitrust rules that
Commission consults on review of safe harbour for minor agreements
The European Commission invites comments on a proposal to revise its guidance notice for assessing when minor agreements between companies are not caught by the general prohibition of anticompetitive agreements under EU competition law. The proposal aims at updating the present Notice, in particular taking into account recent developments in
Commission adapts crisis rules for banks
The European Commission has adapted its temporary state aid rules for assessing public support to financial institutions during the crisis. The main changes are aimed at improving the restructuring process and the level playing field between banks. In particular, banks will be required to work out a sound plan for
Commission consults on new state aid rules for airports and airlines
The European Commission is inviting comments on its review of EU state aid rules on the public financing of airports and start-up aid to airlines. During the last ten years, the market environment of the aviation industry has changed considerably. The Commission proposal takes account of this evolution and provides
Commission fines producers of wire harnesses
The European Commission has fined the car parts suppliers Sumitomo, Yazaki, Furukawa, S-Y Systems Technologies (SYS) and Leoni a total of € 141 791 000 for operating five cartels for the supply of wire harnesses to Toyota, Honda, Nissan and Renault. Wire harnesses conduct electricity in cars, for instance to
Commision investigates a potential berach of antitrust rules in credit default swaps
Commision investigates a potential berach of antitrust rules in credit default swaps - The European Commission has informed some of the world's largest investment banks of its preliminary conclusion that they infringed EU antitrust rules that prohibit anti-competitive agreements by colluding to prevent exchanges from entering the credit derivatives business