Bundeskartellamt imposes million-euro fines in response to illegal arrangements
Bundeskartellamt imposes million-euro fines in response to illegal arrangements The Bundeskartellamt – Germany”s Federal Cartel Office – has imposed fines totaling approx. 175 million euros on five aluminum forging companies and ten employees responsible for engaging in anticompetitive arrangements. The Bundeskartellamt announced on December 23, 2020 that senior staff members of the relevant companies had, over a period of years, been exchanging information on cost factors and encouraging one another to pass on rising costs directly to their customers. We at the commercial law firm MTR Rechtsanwälte note that arrangements…
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