Cyprus Competition Law Update: EU Commission Press release – Legislation to facilitate damage claims by victims of antitrust violations

Competition, European Union Law

European Commission Press release Brussels, 11 June 2013 Antitrust: Commission proposes legislation to facilitate damage claims by victims of antitrust violations The European Commission has adopted a proposal for a Directive on how citizens and companies can claim damages when they are victims of infringements of the EU antitrust rules, such as cartels and abuses…

Cyprus Competition Law Update: EU Commission proposals on damage claims related to violation of competition laws

Competition, European Union Law

On the 11th of June 2013, the European Commission published a proposal for a Directive facilitating claims for damages in national courts by victims of infringements of EU competition law.  Violations of infringements of EU competition law include anti-competitive agreements between competitors, such as a price-fixing cartel, and abuses by individual companies of their dominance in…

Competition Law Update: Unilever and Procter & Gamble fined by the European Commission for fixing soap powder prices

Competition, European Union Law, News

Following a three-year investigation by the European Commission, called “purity”, Unilever and Procter & Gamble have been fined a total of 315m euros for fixing washing powder prices in eight European countries between 2002 to 2005. The cartel covered Belgium, France, Germany, Greece, Italy, Portugal, Spain and the Netherlands. The investigation followed a tip-off by…