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EU: Commission rethinks insurance antitrust exemptions (Competition Policy International)

by 21st Century Competition | Aug 5, 2014 | Global Blogs

The European Commission is reportedly reconsidering certain antitrust exemptions offered to the insurance industry. The Commission has sent questionnaires to shareholders of the industry to gain insight into the opinion of the Insurance Block Exemption Regulation,...

US: Glencore wants out of aluminum lawsuit (Competition Policy International)

by 21st Century Competition | Aug 5, 2014 | Global Blogs

One of the world’s largest mining companies filed a motion late Monday to exit a nationwide lawsuit accusing the company and other conglomerates of manipulating aluminum prices. According to reports, Glencore, based in Switzerland, said it has only minimal...

US: Antitrust heavyweights make the case for higher fines (Competition Policy International)

by 21st Century Competition | Aug 5, 2014 | Global Blogs

Top antitrust officials have submitted public comment to the United States Sentencing Commission suggesting that higher antitrust fines are necessary to deter anticompetitive behavior, but the submissions disagreed as to why. The American Antitrust Institute submitted...

European Commission – Antitrust: Commission consults on the functioning and future of the Insurance Block Exemption Regulation

by 21st Century Competition | Aug 5, 2014 | European Commission

European Commission Press release Brussels, 5 August 2014 The European Commission has issued a questionnaire to seek the views of stakeholders on the functioning and the future of the Insurance Block Exemption Regulation (IBER), which exempts certain agreements...

South Korea: Top coffee chain fined for dominance abuses (Competition Policy International)

by 21st Century Competition | Aug 4, 2014 | Global Blogs

Officials in South Korea have fined the nation’s leading coffee shop chain for abusing its market dominance against shop owners, say reports. The Fair Trade Commission fined Caffe Bene about $185,000 for the anticompetitive conduct, the largest-ever fine issued...
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