Japan: JFTC demands action from four big contractors with multiple antitrust cases
Japan Fair Trade Commission (JFTC) Chairman Kazuyuki Sugimoto has separately summoned the presidents of four major general contractors to demand action to prevent behavior in violation of antitrust rules within their groups, sources said Wednesday, August 7.
The apparently unprecedented move by the JFTC followed a spate of antitrust violations by companies linked to the four; Obayashi, Kajima, Taisei, and Shimizu.
At the separate meetings with the general contractors’ presidents earlier this month, Sugimoto urged them to draw up preventive measures and ensure legal compliance by their group workers, the sources said.
He also referred to overseas cases in which parent companies were held responsible for antitrust violations by their subsidiaries, the sources said.
Officials of the four companies admitted that they received the requests from the antitrust watchdog.
Full Content: Japan Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources, Excludes
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Health Care Pricing
May 1, 2024 by
CPI
Multiple States Join Tennessee’s Antitrust Lawsuit Against NCAA Over NIL Rules
May 1, 2024 by
CPI
NY AG Joins Suit Challenging NCAA’s Restrictions on Student Athlete NIL Rights
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI