About Us
FAQ
Global Advisory Experts Logo
Global Advisory Experts Logo

Find a Global Law Expert

Specialism
Country
Practice Area

Awards

Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.

Antitrust violation – Fines for steel producers

posted 4 years ago

Germany’s Bundeskartellamt has fined three steel producers and three people in positions of responsibility to the tune of some 646 million euros for illegal price rigging.
Price rigging hampers competition and is contrary to antitrust law, which is why the Bundeskartellamt has imposed fines totaling around 646 million euros on three steel producers and people in positions of responsibility. It announced on December 12, 2019 that the businesses in question had been coordinating price supplements and surcharges for quarto plates between 2002 and 2016. Another business had cooperated with the Bundeskartellamt and was granted immunity from fines.
The price of quarto plates in Germany is made up of an individually negotiated base price and various price supplements and surcharges for compliance with certain quality criteria. According to the Bundeskartellamt, the intention behind the arrangements was to limit negotiations with customers to base prices and prevent negotiations on price supplements and surcharges to the greatest extent possible.
Antitrust violations are by no means always as obvious as in the case of price rigging. We at MTR Rechtsanwälte note that even individual clauses in contracts may be anticompetitive and sanctioned accordingly. Lawyers with experience in the fields of antitrust and competition law can offer advice.
https://www.mtrlegal.com/en/legal-advice/antitrust-law.html

Author

Join

0
who are already getting the benefits

Sign up for the latest advisory briefings and news within Global Advisory Experts’ community, as well as a whole host of features, editorial and conference updates direct to your email inbox.

Naturally you can unsubscribe at any time.

Newsletter Sign Up

About Us

Global Advisory Experts is dedicated to providing exceptional advisory services to clients around the world. With a vast network of highly skilled and experienced advisers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.

Contact Us

Stay Informed

Join Mailing List

GAE