Thursday February 20, 2020

Antitrust infringement is a serious business

In light of recent developments, it is imperative that Irish firms ensure they have an effective antitrust compliance strategy, writes Alan McCarthy.

13th January, 2013
A high-profile antitrust case last year involved the sale of components for television and computer screens.

Regulators in China last week followed the European Commission in fining several technology companies for fixing the prices of LCD display screens.

China's National Development and Reform Commission fined two South Korean companies and four Taiwanese ones a total of 353 million Chinese yuan (€43 million) over price-fixing activity between 2001 and 2006.

Irish businesses can expect similar vigorous enforcement of the antitrust rules in 2013. Businesses which do not have adequate antitrust compliance procedures risk costly fines,...

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